Brokerages Set Bankrate, Inc. (RATE) PT at $13.75
Bankrate, Inc. (NYSE:RATE) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.75.
Separately, BidaskClub downgraded Bankrate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th.
Several hedge funds have recently made changes to their positions in RATE. Oaktop Capital Management II L.P. acquired a new position in shares of Bankrate during the 2nd quarter worth approximately $14,501,000. Thrivent Financial For Lutherans raised its stake in shares of Bankrate by 905.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,014,059 shares of the bank’s stock worth $13,031,000 after buying an additional 913,189 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Bankrate during the 3rd quarter worth approximately $12,658,000. JPMorgan Chase & Co. raised its stake in shares of Bankrate by 129.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,293,630 shares of the bank’s stock worth $18,045,000 after buying an additional 729,037 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Bankrate during the 3rd quarter worth approximately $9,665,000. 47.31% of the stock is owned by institutional investors and hedge funds.
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Shares of Bankrate (NYSE RATE) traded up $0.05 during trading hours on Monday, reaching $14.00. The company’s stock had a trading volume of 2,003,100 shares, compared to its average volume of 620,162. Bankrate has a one year low of $8.55 and a one year high of $14.25. The firm has a market capitalization of $1,260.00, a P/E ratio of 28.00 and a beta of 1.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.39 and a quick ratio of 2.39.
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.
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