Impact of Brokerage Rating on Bankrate, Inc.(RATE)

Many Bankrate, Inc.(RATE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Bankrate Inc was Initiated by Oppenheimer on Feb 8, 2017 to Outperform, Price Target of the shares are set at $14.

Company has reported several Insider transactions to the SEC, on May 17, 2016, James R Gilmartin (SVP, General Counsel) sold 3,119 shares at 8.68 per share price.On Nov 10, 2015, Christopher J Speltz (CEO, Credit Cards) sold 5,000 shares at 14.98 per share price.

Bankrate Inc Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.09. Analyst had a consensus of $0.13. The company had revenue of $128.80 million for the quarter, compared to analysts expectations of $114.16 million. The companys revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Bankrate, Inc. (NYSE:RATE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.2 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

Bankrate, Inc. (NYSE:RATE): The mean short term price target for Bankrate, Inc. (NYSE:RATE) has been established at $10.9 per share. The higher price target estimate is at $14 and the lower price target estimate is expected at $9 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.46

Bankrate, Inc. (NYSE:RATE) rose 1.35% or 0.15 points on Tuesday and made its way into the gainers of the day. After trading began at $11.05 the stock was seen hitting $11.6 as a peak level and $11 as the lowest level. The stock ended up at $11.25. The daily volume was measured at 584,614 shares. The 52-week high of the share price is $12.93 and the 52-week low is $6.59. The company has a market cap of $1,014 million.

Bankrate Inc. is an aggregator of financial rate information. It offers rate data and financial content. Its flagship Web site, Bankrate.com, provides free rate information to consumers on more than 300 financial products, including mortgages, credit cards, new and used automobile loans, money market accounts, certificates of deposit, ATM fees, home equity loans and online banking fees. In addition to rate data, the Company publishes original and objective personal finance stories to help consumers make financial decisions. Through its Online Network, which includes Bankrate.com, Interest.com, Nationwidecardservices.com, creditcardsearchengine.com, Insureme.com, Savingforcollege.com, Mortgage-calc.com, Feedisclosure.com, and Bankrate.com.cn, as well as co-branded web sites hosted by its network, it provides the tools and information of products and services that can help consumers make financial decisions. Bankrate Inc., formally known as ilife.com Inc., is headquartered in North Palm Beach, Florida.

Bankrate,

Share this post

Post Comment