Media stories about Bankrate (NYSE:RATE) have been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bankrate earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.6578983217803 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Bankrate (NYSE:RATE) traded down 0.36% during midday trading on Tuesday, reaching $13.90. 109,440 shares of the company were exchanged. The firm’s 50-day moving average is $13.90 and its 200-day moving average is $12.39. The firm’s market cap is $1.24 billion. Bankrate has a one year low of $7.10 and a one year high of $14.25.
Bankrate (NYSE:RATE) last released its earnings results on Monday, August 7th. The bank reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $117.60 million. Bankrate had a negative net margin of 4.61% and a positive return on equity of 6.50%. Bankrate’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. On average, equities analysts expect that Bankrate will post $0.70 EPS for the current fiscal year.
RATE has been the topic of a number of recent analyst reports. BidaskClub raised shares of Bankrate from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Stephens downgraded shares of Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research note on Friday, July 7th. Needham & Company LLC downgraded shares of Bankrate from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Sidoti downgraded shares of Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Monday, July 3rd. Finally, Zacks Investment Research downgraded shares of Bankrate from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.33.
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Bankrate Company Profile
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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