Bankrate (RATE) Q4 Revenue Misses, Approves $50M Buyback

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Go back to Bankrate (RATE) Q4 Revenue Misses, Approves $50M Buyback

Topeka Capital Downgrades Bankrate (RATE) to Hold

February 25, 2016 7:12 AM EST

Topeka 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.

... More

Needham & Company Cuts Price Target on Bankrate (RATE); Says Headwinds may Persist into 1Q16

February 25, 2016 6:53 AM EST

Needham & 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 EST

RBC 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