Bankrate (RATE) Receives News Impact Rating of 0.07
Media stories about Bankrate (NYSE:RATE) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bankrate earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 47.6316038979006 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Bankrate, Inc. (RATE) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Zacks: Analysts Expect Bankrate, Inc. (RATE) Will Announce Quarterly Sales of $138.39 Million (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Bankrate Inc. (finance.yahoo.com)
- Bankrate Inc Has Returned 22.7% Since SmarTrend Recommendation (RATE) (mysmartrend.com)
Shares of Bankrate (NYSE:RATE) opened at 13.85 on Friday. The stock has a 50 day moving average price of $13.65 and a 200-day moving average price of $11.36. Bankrate has a 52-week low of $7.10 and a 52-week high of $14.25. The firm’s market capitalization is $1.23 billion.
Bankrate (NYSE:RATE) last announced its quarterly earnings data on Monday, August 7th. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. Bankrate had a negative net margin of 4.61% and a positive return on equity of 6.50%. The firm had revenue of $115.90 million for the quarter, compared to the consensus estimate of $117.60 million. During the same period last year, the company posted $0.01 earnings per share. Bankrate’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts forecast that Bankrate will post $0.70 EPS for the current year.
A number of research analysts have weighed in on RATE shares. Needham & Company LLC downgraded Bankrate from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub upgraded Bankrate from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research downgraded Bankrate from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. ValuEngine downgraded Bankrate from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Sidoti downgraded 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Bankrate currently has a consensus rating of “Hold” and a consensus target price of $12.71.
In other Bankrate news, CEO Christopher J. Speltz sold 12,300 shares of the stock in a transaction on Thursday, June 22nd. The stock was 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 directly owns 279,733 shares of the company’s stock, valued at $3,342,809.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven Barnhart sold 9,712 shares of the 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 transaction, the chief financial officer now directly owns 295,222 shares of the company’s stock, valued at $3,542,664. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,745 shares of company stock valued at $273,021. 6.30% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Bankrate Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankrate Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.