Shares of Bankrate, Inc. (NYSE:RATE) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.33.

Several equities analysts have commented on RATE shares. Needham & Company LLC downgraded shares of Bankrate from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Bankrate from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research downgraded shares of Bankrate from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. ValuEngine downgraded shares of Bankrate from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Sidoti downgraded shares of Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research note on Monday, July 3rd.

In other Bankrate news, CFO Steven Barnhart sold 9,712 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $12.00, for a total value of $116,544.00. Following the completion of the transaction, the chief financial officer now owns 295,222 shares in the company, valued at $3,542,664. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Speltz sold 12,300 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $11.95, for a total transaction of $146,985.00. Following the completion of the transaction, the chief executive officer now owns 279,733 shares of the company’s stock, valued at approximately $3,342,809.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,745 shares of company stock valued at $273,021. Insiders own 6.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Bankrate by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,931,727 shares of the bank’s stock valued at $50,522,000 after buying an additional 330,048 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Bankrate by 16.8% in the second quarter. Parametric Portfolio Associates LLC now owns 86,495 shares of the bank’s stock valued at $1,111,000 after buying an additional 12,472 shares in the last quarter. Citigroup Inc. increased its position in Bankrate by 102.0% in the second quarter. Citigroup Inc. now owns 35,332 shares of the bank’s stock valued at $454,000 after buying an additional 17,838 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Bankrate by 905.3% in the second quarter. Thrivent Financial For Lutherans now owns 1,014,059 shares of the bank’s stock valued at $13,031,000 after buying an additional 913,189 shares in the last quarter. Finally, Trigran Investments Inc. increased its position in Bankrate by 23.5% in the second quarter. Trigran Investments Inc. now owns 317,561 shares of the bank’s stock valued at $4,081,000 after buying an additional 60,423 shares in the last quarter. Institutional investors own 48.85% of the company’s stock.

Shares of Bankrate (NYSE:RATE) traded down 0.36% during mid-day trading on Friday, reaching $13.85. The company’s stock had a trading volume of 899,434 shares. Bankrate has a one year low of $7.10 and a one year high of $14.25. The stock has a 50 day moving average of $13.65 and a 200-day moving average of $11.36. The stock’s market cap is $1.23 billion.

Bankrate (NYSE:RATE) last posted its quarterly earnings results on Monday, August 7th. The bank reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $117.60 million. Bankrate had a positive return on equity of 6.50% and a negative net margin of 4.61%. The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. On average, equities research analysts expect that Bankrate will post $0.70 EPS for the current fiscal year.

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Bankrate Company Profile

Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.

Analyst Recommendations for Bankrate (NYSE:RATE)

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