A Director at RetailMeNot (NASDAQ: SALE) is Selling Shares

By Carrie Williams

Today, a Director at RetailMeNot (NASDAQ: SALE), Gokul Rajaram, sold shares of SALE for $19.93K.

This is Rajaram’s first Sell trade following 4 Buy transactions.

Based on RetailMeNot’s latest earnings report from June 30, the company posted quarterly revenue of $64.25M and GAAP net loss of $471K. In comparison, last year the company earned revenue of $52.41M and had a net profit of $343K. The company has a one year high of $12.93 and a one year low of $5.52. SALE’s market cap is $419.4M and the company has a P/E ratio of 53.22.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $10.03, reflecting a -14.3% downside. Three different firms, including Morgan Stanley and RBC Capital, currently also have a Sell rating on the stock.

The insider sentiment on RetailMeNot has been negative according to 28 insider trades in the past three months. This sentiment is equal to the average sentiment of company insiders in this sector.

RetailMeNot, Inc. operates as a digital coupon marketplace. It offers websites, mobile applications, email newsletters, alerts and social media presence enable consumers to search for, discover and redeem hundreds of thousands of relevant digital coupons from retailers and brands. The company’s product categories include clothing, electronics, health and beauty, home and office, travel, food and entertainment, personal and business services; and shoes. RetailMeNot was founded by G. Cotter Cunningham in May 2007 and is headquartered in Austin, TX.