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Last $12.23 USD
Change Today -0.13 / -1.05%
Volume 197.2K
RATE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

bankrate inc (RATE) Snapshot

Open
$12.42
Previous Close
$12.36
Day High
$12.42
Day Low
$12.21
52 Week High
07/3/14 - $18.19
52 Week Low
10/13/14 - $9.39
Market Cap
1.3B
Average Volume 10 Days
564.2K
EPS TTM
$0.22
Shares Outstanding
104.4M
EX-Date
--
P/E TM
55.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for BANKRATE INC (RATE)

bankrate inc (RATE) Details

Bankrate, Inc. publishes, aggregates, and distributes personal finance content on the Internet. The company distributes its content and rate information through its online network consisting of Bankrate.com, its flagship Website that aggregates rate information on approximately 300 financial products, and other personal finance Websites; provides Web services to approximately 100 co-branded partners comprising personal finance sites on the Internet; and licenses editorial content to approximately 100 newspapers on a daily basis. Its products and services comprise information on rates for various types of mortgages, home lending, and refinancing options; original articles that cover topics, such as trends in housing markets and refinancing perspectives; and rate information on various deposit products, which include money market accounts, savings accounts, and certificates of deposit, as well as online analytic tools to calculate investment value using customized inputs. The company also provides insurance quotes for auto, business, health, home, life, and long-term care; advice and detailed descriptions of insurance terms; articles on topical subjects; credit card information and comparison capabilities, and allows consumers to search for cards; and information on retirement, taxes, auto, and debt management. In addition, it sells leads to insurance agents, insurance carriers, credit card issuers, and mortgage lenders; hyperlinks on a per-click pricing model; and digital display advertisements comprising leaderboards, banners, skyscrapers, islands, and posters advertisements. Further, the company sells advertising in the Mortgage Guide, CD and Deposit Guide, rate tables, and newsletter subscriptions, as well as licenses research information. Bankrate, Inc. was founded in 1993 and is based in North Palm Beach, Florida.

488 Employees
Last Reported Date: 02/27/14
Founded in 1993

bankrate inc (RATE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $129.8K
Chief Executive Officer of Bankrate.Com
Total Annual Compensation: $387.0K
Senior Vice President
Total Annual Compensation: $412.0K
Senior Vice President and Chief Strategic Dev...
Total Annual Compensation: $337.0K
Compensation as of Fiscal Year 2013.

bankrate inc (RATE) Key Developments

Bankrate, Inc. Receives Non-Compliance Notice From NYSE

Bankrate, Inc. announced that, as previously disclosed by the company in its Form 12b-25 filed with the Securities and Exchange Commission on March 3, 2015, the company is unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2014 pending completion of the previously announced internal review of the company's financial statements for each of fiscal years 2011, 2012 and 2013. The company also announced that it has received a notice from the New York Stock Exchange (NYSE) that the company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual as a result of the company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The Exchange has informed the company that, under the NYSE rules, the company will have six months, from March 17, 2015 to file its Annual Report on Form 10-K with the SEC. The company can regain compliance with the NYSE listing standards prior to such date by filing the Annual Report on Form 10-K with the Securities and Exchange Commission. If the company fails to file the Annual Report on Form 10-K prior to such date, then the NYSE may grant, at its discretion, a further extension of up to six additional months, depending on the specific circumstances. The letter from the NYSE also notes that the NYSE may commence delisting proceedings at any time if the circumstances warrant. The company is working to complete its internal review and to file its Annual Report on Form 10-K as soon as possible.

Unigo Group Signs Strategic Partnership Agreement with Bankrate.com to Broaden Access to Private Student Loans for College

Unigo Group has signed a strategic partnership agreement with Bankrate.com to broaden access to private student loans for college with the creation of the first comparison engine with national coverage. Under the partnership, Unigo is using its student loan comparison engine (eStudentLoan.com) to power the student loan section on Bankrate.com to include all student loan products, not just those from select marketing partners, for anyone looking to finance college. Students can now perform comprehensive comparisons of all their options for private loans, and no longer have to study each option individually through a patchwork of information from banks, Internet searches, and financial aid offices.

Bankrate, Inc. Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2014

Bankrate, Inc. announced that its total revenue from continuing operations for the fourth quarter of 2014 is expected to be approximately $136.5 million. GAAP net income for the fourth quarter of 2014 is expected to be between $8.5 million and $8.9 million, which includes the impact of approximately $4.1 million of legal and other expenses relating to the previously disclosed regulatory investigations and related litigation, and the internal review of the company's financial statements for fiscal years 2011, 2012 and 2013. Adjusted EBITDA margin for the fourth quarter of 2014 is expected to be between 24% and 25%, which also includes the impact of the approximately $4.1 million of legal and other expenses. Both revenue from continuing operations and Adjusted EBITDA margin exclude Bankrate's China operations, which are classified as discontinued operations.

 

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Industry Analysis

RATE

Industry Average

Valuation RATE Industry Range
Price/Earnings 100.0x
Price/Sales 2.3x
Price/Book 1.5x
Price/Cash Flow 18.9x
TEV/Sales 1.5x
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