Bankrate, Inc. (NYSE:RATE) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, October 20th.
A number of other research firms have also weighed in on RATE. Stephens lowered Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research note on Friday, July 7th. Zacks Investment Research downgraded Bankrate from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Sidoti downgraded Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Monday, July 3rd. Finally, Needham & Company LLC downgraded Bankrate from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Bankrate has a consensus rating of “Hold” and an average target price of $14.00.
Shares of Bankrate (RATE) traded up $0.05 on Friday, hitting $14.00. The company had a trading volume of 1,997,277 shares, compared to its average volume of 397,100. The stock has a market capitalization of $1,255.72, a PE 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 has a 52-week low of $8.55 and a 52-week high of $14.25.
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Several institutional investors and hedge funds have recently bought and sold shares of RATE. Paloma Partners Management Co acquired a new stake in shares of Bankrate in the 1st quarter valued at approximately $129,000. Oppenheimer & Co. Inc. purchased a new position in Bankrate during the first quarter worth $156,000. Global X Management Co. LLC increased its position in Bankrate by 279.2% during the second quarter. Global X Management Co. LLC now owns 14,480 shares of the bank’s stock worth $186,000 after buying an additional 10,661 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Bankrate during the first quarter worth $220,000. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Bankrate during the first quarter worth $220,000. 47.31% of the stock is owned by institutional investors and hedge funds.
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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