Brokerages Set Bankrate Inc (RATE) Target Price at $13.75

Shares of Bankrate Inc (NYSE:RATE) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.75.

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

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Bankrate during the 3rd quarter worth $392,000. Cubist Systematic Strategies LLC purchased a new position in Bankrate during the 3rd quarter worth $289,000. Berkley W R Corp purchased a new position in Bankrate during the 3rd quarter worth $300,000. Caxton Associates LP purchased a new position in Bankrate during the 3rd quarter worth $350,000. Finally, Allianz Asset Management GmbH purchased a new position in Bankrate during the 3rd quarter worth $1,315,000. Hedge funds and other institutional investors own 47.31% of the company’s stock.

Shares of Bankrate (NYSE RATE) traded up $0.05 during trading hours on Tuesday, hitting $14.00. The stock had a trading volume of 2,003,100 shares, compared to its average volume of 620,162. Bankrate has a twelve month low of $8.55 and a twelve month high of $14.25. The stock has a market cap of $1,260.00, a P/E ratio of -56.00 and a beta of 1.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.39 and a quick ratio of 2.39.

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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.

Analyst Recommendations for Bankrate (NYSE:RATE)

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