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Last $12.19 USD
Change Today 0.00 / 0.00%
Volume 926.3K
As of 4:15 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

bankrate inc (RATE) Snapshot

Open
$12.16
Previous Close
$12.19
Day High
$12.29
Day Low
$12.06
52 Week High
07/3/14 - $18.19
52 Week Low
10/13/14 - $9.39
Market Cap
1.3B
Average Volume 10 Days
318.4K
EPS TTM
$0.22
Shares Outstanding
104.4M
EX-Date
--
P/E TM
55.3x
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
Chief Strategic Development Officer and Senio...
Total Annual Compensation: $337.0K
Compensation as of Fiscal Year 2013.

bankrate inc (RATE) Key Developments

Bankrate, Inc. announced delayed 10-Q filing

On 05/12/2015, Bankrate, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Bankrate, Inc. Announces Expiration and Final Results of its Consent Solicitation for 6.125% Senior Notes Due 2018 and Execution of Supplemental Indenture and Credit Agreement Waiver

Bankrate, Inc. announced the expiration (on May 11, 2015) and final results of its previously announced solicitation of consents to amend the indenture governing its 6.125% Senior Notes due 2018. In addition, the company announced that it has obtained a waiver, dated May 11, 2015, to its existing revolving credit agreement. The Company received consents from the holders of more than a majority of the aggregate principal amount of the Notes by 5:00 p.m., New York City time, on May 11, 2015, as reported by the tabulation agent. The Proposed Amendments required the consent of holders of a majority of the Notes. The Waiver to the Credit Agreement waives compliance by the Company with certain of the reporting covenants set forth in the Credit Agreement. Holders who validly delivered consents to the Proposed Amendments in the manner described in the Consent Solicitation Statement dated May 4, 2015 are eligible to receive, subject to the terms and conditions set forth in the Consent Solicitation Statement, consent consideration equal to $1.25 per $1,000 principal amount of Notes with respect to which consents were validly delivered. Pursuant to the terms of the Proposed Amendment, an additional $1.25 per $1,000 principal amount of Notes with respect to which consents were validly delivered will be paid on or before June 25, 2015, unless the 2014 third quarter report, 2014 Annual Report and the 2015 first quarter report have been delivered to the Trustee on or before June 24, 2015. Holders providing consents after the Expiration Date will not be entitled to receive either the Initial Consent Payment or the Second Consent Payment.

Bankrate, Inc. Commences Consent Solicitation for Senior Notes

Bankrate, Inc. said that it commenced a consent solicitation to amend an indenture governing its 6.125% senior notes due 2018. The purpose of the consent solicitation is to amend the indenture so that the delivery to the indenture trustee of financial information relating to the company's third quarter of 2014, subject to certain conditions, fiscal year 2014 and first quarter of 2015 is not required until June 24. If the company makes a second consent payment, the deadline would be moved to July 14. The solicitation also would cause holders of the notes to release and waive any default or noncompliance by the company, certain guarantors and their subsidiaries arising from the failure to timely deliver such financial information. The consent solicitation is scheduled to expire at 5 p.m. ET on May 11 unless extended or terminated by the company. Holders who validly deliver, and do not validly revoke, their consents will be entitled to receive consent consideration equal to $1.25 per $1,000 principal amount of notes. An additional $1.25 per $1,000 principal amount of notes will be paid on or before June 25, unless the financial information has been delivered to the trustee on or before June 24. RBC Capital Markets LLC is the solicitation agent.

 

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Industry Analysis

RATE

Industry Average

Valuation RATE Industry Range
Price/Earnings 100.0x
Price/Sales 2.4x
Price/Book 1.5x
Price/Cash Flow 19.0x
TEV/Sales 1.6x
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