Needham & Company Cuts Price Target on Bankrate (RATE); Says Headwinds may Persist into 1Q16
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Bankrate Produces Record Full-Year Results Despite Impact Of Google Compare Q4 Testing And Lower Deposit Advertising Revenue
February 24, 2016 4:31 PM ESTNEW YORK, Feb. 24, 2016 /PRNewswire/ --
Fourth quarter revenue of $93.4 million, up 2% versus prior year; full-year 2015 revenue of $370.5 million, up 6% compared to full-year 2014. Fourth quarter Net Income (which includes Insurance) of $4.8 million; full-year 2015 Net Loss (which includes Insurance) of $(13.3) million. Fourth quarter Adjusted EBITDA of $28.5 million, down 8% versus the prior year quarter; full-year 2015 Adjusted EBITDA of $127.1 million, up 8% versus the prior year. On December 28, 2015, the Company completed the previously announced sale of its Insurance business, InsuranceQuotes.com, to All Web Leads,... MoreOnly Half of Americans Have More Emergency Savings than Credit Card Debt
February 23, 2016 8:01 AM ESTNEW YORK, Feb. 23, 2016 /PRNewswire/ -- Just over half of Americans have more emergency savings than credit card debt (52%), according to a new Bankrate.com (NYSE: RATE) report. The percentage stands the same as in 2011, reflecting zero progress over a time when the stock market surged and unemployment plummeted.
Interestingly, millennials are more likely than any other age group to have more... More
