Bankrate Produces Record Full-Year Results Despite Impact Of Google Compare Q4 Testing And Lower Deposit Advertising Revenue
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Topeka Capital Downgrades Bankrate (RATE) to Hold
February 25, 2016 7:12 AM ESTTopeka Capital downgraded Bankrate (NYSE: RATE) from Buy to Hold with a price target of $9.00 (from $16.00).
For an analyst ratings summary and ratings history on Bankrate click here. For more ratings news on Bankrate click here.
Shares of Bankrate closed at $12.68 yesterday.
... MoreNeedham & Company Cuts Price Target on Bankrate (RATE); Says Headwinds may Persist into 1Q16
February 25, 2016 6:53 AM ESTNeedham & Company reiterated a Buy rating on Bankrate (NYSE: RATE), and cut the price target to $15.00 (from $20.00), following the company's 4Q earnings report. Needham is expecting RATE to open significantly lower due to disappointing results. revenue of $93.4mm, and Adjusted EBITDA of $28.5mm, both came in below estimates. Competitive issues and downward... More
RBC Capital Downgrades Bankrate (RATE) to Sector Perform
February 25, 2016 6:25 AM ESTRBC Capital downgraded Bankrate (NYSE: RATE) from Outperform to Sector Perform with a price target of $9.00 (from $16.00).
Analyst Rohit Kulkarni commented, "RATE reported a Small Miss Q4 but provided Q1 guidance materially below Street ests, citing changes in Googles products & policies leading to... More
Bankrate (RATE) Q4 Revenue Misses, Approves $50M Buyback
February 24, 2016 4:58 PM ESTBankrate (NYSE: RATE) reported revenue for Q4 of $93.4 million versus the consensus estimate of $134 million.
GUIDANCE:
Bankrate sees Q1 2016 revenue of $80 million, versus the consensus of $98.14 million.
Bankrate's Board of Directors has authorized an additional $50 million share... More
