Bankrate, Inc. (NYSE:RATE):
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The company is so far trading unchanged since yesterday’s close of $13.95.
Bankrate, Inc., launched on April 13, 2011, 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 Business’s segments include Banking, Credit Cards, Senior Care and Other. The Company provides a range of digital display advertising formats. The Company is also engaged in the sale of print advertisements and the distribution (or syndication) of its editorial content..
The stock last traded at $13.95 which is a tad above $11.09, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $10.76. The 50 day moving average was up $2.86 and the 200 day average went up $3.19 or +29.61%.
As of the latest earnings report the EPS was $-0.45 and is projected to be $0.70 for the current year with 88,611,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.21 with next year’s EPS anticipated to be $0.82.
Brokerages have released ratings on Bankrate, Inc.. On November 4 the company was rated “Buy” by Loop Capital which is up from the previous “” rating. On February 26 the company was upgraded from “Sell” to “Neutral” in a report from Goldman Sachs.
Topeka Capital downgraded the stock and lowered the price target on February 25 changing the price objective from $0.00 to $9.00 and changing the rating from “Buy” to “Hold”. Equity analyst RBC Capital both downgraded the stock and lowered the price target on February 25 cutting the price target from $0.00 to $9.00 and cutting the rating from “Outperform” to “Sector Perform”.
On February 25 the stock rating was downgraded to “Hold” from “Buy” with a current price target of $9.00 in a statement from Topeka Capital. On February 25 the company was downgraded to “Sector Perform” from “Outperform” and a price target of $9.00 was set in a report issued by RBC Capital.