Bankrate, Inc. Common Stock (NYSE:RATE):
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The company is trading up by 1.30% since yesterday’s close of $7.7.
It is trading at $7.80 just a bit lower than the 50 day moving average of $7.99 and marginally under the 200 day moving average of $8.23. The 50 day moving average was down $-0.19 or -2.37% whereas the 200 day moving average was down $-0.43 or -5.27%.
In the latest earnings report the EPS was $-0.64 and is estimated to be $0.54 for the current year with 88,968,000 shares presently outstanding. Next quarter’s EPS is expected be $0.18 and the next full year EPS is projected to be $0.64.
Several analysts have issued ratings on Bankrate, Inc. Common Stock recently. On February 26 the company was set at “Neutral” by Goldman Sachs which is up from the previous “Sell” rating. On February 25 the stock rating was downgraded from “Buy” to “Hold” and a price target of $9.00 was set in a statement from Topeka Capital.
On February 25 the company was downgraded to “Sector Perform” from “Outperform” with a current price target of $9.00 in a report from RBC Capital. Topeka Capital downgraded the stock and lowered the price target on February 25 changing the price target from $0.00 to $9.00 and setting the rating at “Hold” which had previously been “Buy”.
Equity analyst RBC Capital lowered the price target and downgraded the stock on February 25 cutting the price target from $0.00 to $9.00 and altering the rating from “Outperform” to “Sector Perform”. Equity analyst Sidoti & Co. initiated coverage with an initial rating of “Buy”.