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RATE

Bankrate

$13.88

0.025 (0.18%)

16:11
09/13/17
09/13
16:11
09/13/17
16:11

Bankrate stockholders approve merger with Red Ventures

Bankrate stockholders voted to adopt the agreement and plan of merger providing for the merger of a wholly owned subsidiary of Red Ventures Holdco, with and into Bankrate, with Bankrate continuing as the surviving corporation and as a wholly owned subsidiary of Red Ventures. Approximately 99% of all votes cast, which represents approximately 90% of all outstanding shares, were voted in favor of the merger. Bankrate stockholders also approved the proposal to approve, on an advisory basis, certain compensation that may be paid or become payable to the company's named executive officers in connection with the merger. Bankrate stockholders will receive $14 per share in cash at the closing of the merger. Completion of the merger is subject to customary closing conditions, including the receipt of required regulatory approvals. The merger is expected to be completed by the end of 2017.

  • 13

    Sep

  • 15

    Sep

RATE Bankrate
$13.88

0.025 (0.18%)

07/05/17
NEED
07/05/17
DOWNGRADE
NEED
Hold
Bankrate downgraded to Hold from Buy at Needham
Needham downgraded Bankrate following the company's takeover agreement by Red Ventures.
07/03/17
SIDC
07/03/17
DOWNGRADE
Target $14
SIDC
Neutral
Bankrate downgraded to Neutral from Buy at Sidoti
Sidoti analyst Allen Klee downgraded Bankrate to Neutral with a $14 price target following the company's takeover agreement by Red Ventures.
03/09/17
LOOP
03/09/17
NO CHANGE
Target $14
LOOP
Buy
Bankrate can grow cards, banking segments in 2017, says Loop Capital
Loop Capital analyst Blake Harper noted that Bankrate reported Q4 revenues and adjusted EBITDA that missed consensus as a large credit card customer pulled back spending after a successful card launch that had contributed to Bankrate's Q3 beat. However, he forecast the cards segment to grow 20% in 2017 and believes the banking segment will be up by a mid-single digit percentage range this year. Harper reiterates a Buy rating and maintains his $14 price target on Bankrate shares, which are down 15% to $9.25 in pre-market trading.
02/08/17
02/08/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dr Pepper Snapple (DPS) reinstated with an Outperform at Credit Suisse. 2. Bankrate (RATE) and LendingTree (TREE) were initiated with an Outperform at Oppenheimer. 3. Lamb Weston (LW) initiated with a Neutral at Goldman. 4. First BanCorp (FBP) initiated with a Neutral at Citi. 5. Loxo Oncology (LOXO) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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$NYE

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VRX

Valeant

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0.685 (4.28%)

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FTR

Frontier Communications

$7.08

-0.15 (-2.07%)

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MCD

McDonald's

$169.13

0.8301 (0.49%)

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SLM

Sallie Mae

$10.60

-0.03 (-0.28%)

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SQM

SQM

$56.50

-0.835 (-1.46%)

14:49
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SQM options imply 5.9% move in share price post-earnings, above median historical move »

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AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

, WMT

Wal-Mart

$96.39

-0.13 (-0.13%)

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AMZN

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$1,139.49

13.18 (1.17%)

WMT

Wal-Mart

$96.39

-0.13 (-0.13%)

BBY

Best Buy

$56.72

0.66 (1.18%)

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  • 20

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TRP

TransCanada

$49.68

-0.58 (-1.15%)

14:33
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CERN

Cerner

$66.68

0.95 (1.45%)

, AMZN

Amazon.com

$1,139.49

13.18 (1.17%)

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CERN

Cerner

$66.68

0.95 (1.45%)

AMZN

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  • 28

    Nov

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14:25
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OTEX

OpenText

$33.91

0.38 (1.13%)

14:23
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FEIM

Frequency Electronics

$9.32

-0.11 (-1.17%)

14:22
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14:20
11/22/17
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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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SASR

Sandy Spring Bancorp

$38.98

0.04 (0.10%)

, WFBI

WashingtonFirst

$33.70

-0.13 (-0.38%)

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WFBI

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ILG

ILG

$28.11

-0.5 (-1.75%)

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  • 29

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JACK

Jack in the Box

$102.57

-0.41 (-0.40%)

, APO

Apollo Global

$30.53

0.37 (1.23%)

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  • 30

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SASR

Sandy Spring Bancorp

$38.98

0.04 (0.10%)

, WFBI

WashingtonFirst

$33.70

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SASR

Sandy Spring Bancorp

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WFBI

WashingtonFirst

$33.70

-0.13 (-0.38%)

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  • 28

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WEN

Wendy's

$14.11

0.16 (1.15%)

13:50
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Options
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