Bankrate, Inc. (RATE) Receives $13.75 Consensus Price Target from Analysts

Bankrate, Inc. (NYSE:RATE) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.75.

Separately, BidaskClub lowered Bankrate from a “hold” rating to a “sell” rating in a research report on Friday, October 6th.

Shares of Bankrate (NYSE RATE) traded up $0.05 during trading hours on Friday, hitting $14.00. The stock had a trading volume of 2,003,100 shares, compared to its average volume of 620,162. 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 one year low of $8.55 and a one year high of $14.25. The firm has a market capitalization of $1,260.00, a price-to-earnings ratio of 28.00 and a beta of 1.64.

Several large investors have recently modified their holdings of RATE. Public Employees Retirement System of Ohio purchased a new stake in Bankrate in the 3rd quarter valued at $392,000. Cubist Systematic Strategies LLC purchased a new stake in Bankrate in the 3rd quarter valued at $289,000. Berkley W R Corp purchased a new stake in Bankrate in the 3rd quarter valued at $300,000. Caxton Associates LP purchased a new stake in Bankrate in the 3rd quarter valued at $350,000. Finally, Allianz Asset Management GmbH purchased a new stake in Bankrate in the 3rd quarter valued at $1,315,000. 47.31% of the stock is currently owned by institutional investors.

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About Bankrate

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.

Analyst Recommendations for Bankrate (NYSE:RATE)

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