The stock of Bankrate Inc (NYSE:RATE) is a huge mover today! About 99,202 shares traded hands. Bankrate Inc (NYSE:RATE) has risen 7.48% since April 18, 2016 and is uptrending. It has outperformed by 3.05% the S&P500.
The move comes after 9 months positive chart setup for the $932.69 million company. It was reported on Nov, 18 by Barchart.com. We have $16.59 PT which if reached, will make NYSE:RATE worth $540.96 million 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. The stock of Bankrate Inc (NYSE:RATE) has “Sector Perform” rating given on Thursday, February 25 by RBC Capital Markets. The stock has “Buy” rating given by Topeka Capital Markets on Wednesday, November 18. The stock of Bankrate Inc (NYSE:RATE) has “Hold” rating given on Thursday, February 25 by Topeka Capital Markets. Needham maintained the shares of RATE in a report on Monday, November 23 with “Buy” rating. Loop Capital initiated Bankrate Inc (NYSE:RATE) rating on Thursday, August 11. Loop Capital has “Hold” rating and $9 price target. As per Friday, February 26, the company rating was upgraded by Goldman Sachs. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. The stock of Bankrate Inc (NYSE:RATE) earned “Buy” rating by Bank of America on Monday, November 9. The firm has “Overweight” rating given on Thursday, September 3 by Stephens.
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 1.24 in 2016 Q2. Its down 0.21, from 1.45 in 2016Q1. The ratio turned negative, 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.
Blackrock Fund Advsrs owns 1.13M shares or 0% of their US portfolio. Voya Mgmt Ltd Liability accumulated 29,611 shares or 0% of the stock. Manufacturers Life The has 0% invested in the company for 33,983 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest accumulated 0% or 54,800 shares. Marshall Wace Limited Liability Partnership, a United Kingdom-based fund reported 20,840 shares. Nomura Hldgs reported 10,200 shares or 0% of all its holdings. Tfs Cap Limited Liability Co has invested 0.03% of its portfolio in Bankrate Inc (NYSE:RATE). Analytic Lc holds 0% of its portfolio in Bankrate Inc (NYSE:RATE) for 23,963 shares. Us National Bank & Trust De, a Minnesota-based fund reported 7,597 shares. The Illinois-based Citadel Advsr Limited Liability Corp has invested 0.01% in Bankrate Inc (NYSE:RATE). Spark Investment Management Limited Liability holds 0.42% of its portfolio in Bankrate Inc (NYSE:RATE) for 597,400 shares. State Board Of Administration Of Florida Retirement Sys last reported 0% of its portfolio in the stock. Pnc Finance holds 431 shares or 0% of its portfolio. The New York-based Alpine Woods Invsts Lc has invested 0% in Bankrate Inc (NYSE:RATE).
More notable recent Bankrate Inc (NYSE:RATE) news were published by: Stltoday.com which released: “BANKRATE INC – Ad from 2016-11-18” on November 18, 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: Prnewswire.com and their article: “Bankrate Schedules Conference Call Announcing Third Quarter 2016 Earnings” published on October 28, 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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