Tue, Feb. 24, 7:49 PM
- RetailMeNot (NASDAQ:SALE) finished up 1.7% today as analysts at BWS Financial initiated coverage with a Buy rating.
- The firm set a price target of $26. RetailMeNot closed the day at $17.61.
- Analyst ratings on the stock are generally evenly divided between Buy and Hold. After RetailMeNot's Feb. 10 earnings release, William Blair reiterated its Outperform rating, while RBC Capital reiterated its Sector Perform (with a $17 target).
- Wunderlich holds a Buy rating but lowered its target to $28.
- Related: RetailMeNot's Growth Has Disappeared (Feb. 11 2015)
Tue, Feb. 10, 9:16 AM
Tue, Feb. 10, 8:21 AM
- RetailMeNot (NASDAQ:SALE) beat earnings expectations this morning with Q4 earnings results, but light guidance has the stock trading off 7.6% in premarket action.
- Net income (non-GAAP) of $23.6M ($0.43) was 15% higher than the prior year. Adjusted EBITDA of $36.1M was up 17% and made for 41% of total net revenues.
- The company guided for $57M-60M in revenues in fiscal Q1 -- somewhat lower than an expected $67.5M -- and guided adjusted EBITDA to $14M-16M vs. an expected $21.5M. "Our outlook reflects a continued consumer preference for mobile devices as the majority of visit growth is coming from acceleration in lower monetizing mobile visits."
- For full 2015, the company guided to revenues of $275M-285M vs. $305M expected, and adjusted EBITDA of $92M-100M vs. an expected $104M.
- Total visits were up 23%, to 226.2M. Monthly mobile unique visitors grew 78%, to 21.2M.
- The company has authorized $100M in repurchases.
- Peer Coupons.com (NYSE:COUP) also provided light guidance in last night's earnings and is down 32% premarket today.
- Press Release
Tue, Feb. 10, 6:03 AM
Mon, Feb. 9, 6:26 PM
- RetailMeNot (NASDAQ:SALE) is trading -4.7% after hours, possibly in sympathy with a plummeting Coupons.com, ahead of tomorrow's earnings report.
- RetailMeNot is expected to earn $0.32/share ($0.21 in GAAP terms) on $86.1M in revenues for Q4. EBITDA is expected to come in at $33.97M.
- With Coupons.com (COUP -27.3%) tanking in late trading today, it's interesting to take another look at Paulo Santos' January thesis for a couponing pairs trade: long RetailMeNot, short Coupons.com, in part based on GAAP profitability.
- Eric Przybylski notes that RetailmeNot seems to have recovered from an algorithm change at Google must more quickly than the stock has.
- Previously: Coupons.com plunges after revenue miss, low guidance (Feb. 09 2015)
Mon, Feb. 9, 5:30 PM
Mon, Feb. 2, 2:50 PM
- Tech companies posting major gains today include fiber access equipment vendor Zhone (ZHNE +5.3%), wireless charging tech developer Energous (WATT +4.6%), 4G infrastructure software vendor Mavenir (MVNR +5.8%), online content provider Demand Media (DMD +6.2%), and online health insurance seller eHealth (EHTH +3.9%).
- Major tech decliners include several Chinese Internet names. Specifically, online retailers Vipshop (VIPS -4.9%) and Dangdang (DANG -4.1%), auto site Bitauto (BITA -6.4%), mobile game publisher Sky-Mobi (MOBI -4%), and social media/gaming platform YY (YY -6.3%).
- Other notable decliners include cybersecurity hardware firm KEYW (KEYW -4.9%), telecom/ARM server chipmaker AppliedMicro (AMCC -10.1%), specialty foundry TowerJazz (TSEM -4.7%), cloud healthcare software firm Castlight (CSLT -4.1%), cloud marketing software firm Marketo (MKTO -4.5%), online coupon code platform RetailMeNot (SALE -4.7%), optical component vendor NeoPhotonics (NPTN -6%), and supply chain software firm Manhattan Associates (MANH -5.1%). The Nasdaq is down 0.3%.
- Previously: Solar stocks jump amid oil/energy stock rally
Tue, Jan. 6, 8:06 AM
- RetailMeNot (NASDAQ:SALE) announces a new collaboration with OnStar (NYSE:GM).
- The partnership will see digital offers from the coupon website be part of the new GM connected car experience powered by OnStar.
- A prototype of the OnStar integration will on display this week at the Chevrolet booth at CES.
Nov. 12, 2014, 2:26 PM| 3 Comments
Nov. 4, 2014, 12:44 PM
Nov. 4, 2014, 9:15 AM
Nov. 3, 2014, 6:23 PM
- Though it beat Q3 estimates, RetailMeNot (NASDAQ:SALE) is guiding for Q4 revenue of $84.7M-$86.7M, below a $90.9M consensus.
- The company, hit hard by Google algorithm changes earlier this year, says it expects "continued improvement in organic search rankings resulting in an increase in overall traffic growth." However, it adds "The majority of this visit growth is coming from an acceleration in lower monetizing mobile visits in the U.S."
- Meanwhile, international visit growth is "weaker than expected," and forex swings are pressuring results.
- International sales rose 37% Y/Y in Q3 (better than total rev. growth of 19%), and made up 23% of total revenue. Mobile sales rose 101%, and made up 21% of revenue.
- Q3 results, PR
Nov. 3, 2014, 5:38 PM
Nov. 3, 2014, 4:12 PM
Nov. 2, 2014, 5:35 PM
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Aug. 5, 2014, 12:47 PM
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