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Bankrate (RATE) Catches Eye: Stock Jumps 8.6% in Session
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Bankrate, Inc. (RATE - Free Report) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came after the company announced that it has entered into a definitive agreement to be acquired by Red Ventures, a leading digital consumer choice platform, in an all-cash transaction that values Bankrate at an enterprise value of approximately $1.4 billion. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 29% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Bankrate currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Is RATE going up? Or down? Predict to see what others think: Up or Down
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Bankrate (RATE) Catches Eye: Stock Jumps 8.6% in Session
Bankrate, Inc. (RATE - Free Report) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came after the company announced that it has entered into a definitive agreement to be acquired by Red Ventures, a leading digital consumer choice platform, in an all-cash transaction that values Bankrate at an enterprise value of approximately $1.4 billion. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 29% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Bankrate currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Bankrate, Inc. Price
Bankrate, Inc. Price | Bankrate, Inc. Quote
A better-ranked stock in the Internet - Content space is Remark Media, Inc. (MARK - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is RATE going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>