The stock of Bankrate Inc (NYSE:RATE) is a huge mover today! About 1.37 million shares traded hands or 271.45% up from the average. Bankrate Inc (NYSE:RATE) has declined 18.74% since April 4, 2016 and is downtrending. It has underperformed by 19.83% the S&P500.
The move comes after 9 months positive chart setup for the $731.15M company. It was reported on Nov, 4 by Barchart.com. We have $12.80 PT which if reached, will make NYSE:RATE worth $424.07M more.
Bankrate Inc (NYSE:RATE) Ratings Coverage
Out of 9 analysts covering Bankrate (NYSE:RATE), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Bankrate has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Thursday, February 25 the stock rating was downgraded by Topeka Capital Markets to “Hold”. On Friday, February 26 the stock rating was upgraded by Goldman Sachs to “Neutral”. The company was initiated on Thursday, August 11 by Loop Capital. Topeka Capital Markets initiated Bankrate Inc (NYSE:RATE) on Wednesday, November 18 with “Buy” rating. The rating was upgraded by Bank of America to “Buy” on Monday, November 9. The stock of Bankrate Inc (NYSE:RATE) earned “Outperform” rating by RBC Capital Markets on Wednesday, August 5. The stock has “Overweight” rating given by Stephens on Thursday, September 3. The firm earned “Sector Perform” rating on Thursday, February 25 by RBC Capital Markets. The firm earned “Buy” rating on Monday, November 23 by Needham.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.45 in 2016 Q2. Its down 0.28, from 1.73 in 2016Q1. The ratio fall, as 17 funds sold all Bankrate Inc shares owned while 32 reduced positions. 30 funds bought stakes while 41 increased positions. They now own 40.73 million shares or 11.44% less from 45.99 million shares in 2016Q1.
First Advsr Limited Partnership last reported 0% of its portfolio in the stock. Boothbay Fund Lc has 0.05% invested in the company for 14,082 shares. Schwab Charles Investment Management accumulated 181,861 shares or 0% of the stock. Peak6 Investments L P holds 0% or 14,593 shares in its portfolio. Teacher Retirement Sys Of Texas accumulated 7,701 shares or 0% of the stock. Sei Invs reported 5,506 shares or 0% of all its holdings. Alpine Woods Cap Investors Ltd Llc reported 10,000 shares or 0% of all its holdings. Financial Bank Of America Corp De has 102,087 shares for 0% of their US portfolio. Citadel Advisors Limited Liability last reported 814,301 shares in the company. Glob X Mgmt Lc owns 726 shares or 0% of their US portfolio. Moreover, Axa has 0% invested in Bankrate Inc (NYSE:RATE) for 147,862 shares. Vanguard Inc has 3.58 million shares for 0% of their US portfolio. Tower Research Ltd (Trc) owns 4,954 shares or 0% of their US portfolio. Prudential Fincl last reported 0.01% of its portfolio in the stock. Clark Estates Ny accumulated 295,000 shares or 0.44% of the stock.
More notable recent Bankrate Inc (NYSE:RATE) news were published by: Nasdaq.com which released: “Bankrate Inc. Reveals 12% Gain In Q3 Earnings” on November 04, 2016, also Prnewswire.com with their article: “Bankrate, Inc. Agrees To Acquire NextAdvisor Business” published on May 05, 2016, Fool.com published: “Why BankRate, Inc. Stock Is Plunging Today” on February 25, 2016. More interesting news about Bankrate Inc (NYSE:RATE) were released by: Stltoday.com and their article: “BANKRATE INC – Ad from 2016-11-04” published on November 04, 2016 as well as Prnewswire.com‘s news article titled: “Genstar Capital-Backed All Web Leads Acquires Bankrate, Inc.’s Insurance Division” with publication date: November 05, 2015.
RATE Company Profile
Bankrate, Inc. (Bankrate), incorporated on April 13, 2011, is a publisher, aggregator and distributor of personal finance content on the Internet. The Firm provides clients personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Firm operates through divisions, including Banking, Credit Cards, Senior Care and Other. The Firm provides a range of digital display advertising formats. The Firm sells to advertisers targeting a specific audience in a city or state and also to national advertisers targeting the entire Country. The Firm is also engaged in the sale of print advertisements and the distribution (or syndication) of its editorial content.
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