QUOTE AND NEWS
DailyFinance  Sep 19  Comment 
NEW YORK, NY--(Marketwired - September 19, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Bankrate, Inc. ("Bankrate" or the "Company") (NYSE: RATE) of the November 17, 2014 deadline to seek the role of...
DailyFinance  Sep 18  Comment 
Rigrodsky & Long, P.A.: Do you, or did you, own shares of Bankrate, Inc. (NYSE: RATE)?Did you purchase your shares before March 1, 2013, or between March 1, 2013 and September 15, 2014, inclusive?Did you lose money in your investment...
Benzinga  Sep 16  Comment 
Analysts at Topeka Capital Markets downgraded shares of Bankrate Inc (NYSE: RATE) to Sell from Hold and removed the price target. Victor Anthony stated three reasons for the downgrade: 1) The SEC investigation into Bankrate’s 2012...
TheStreet.com  Sep 16  Comment 
BALTIMORE (Stockpickr) --aPut down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you. Read More: 5 Breakout Stocks Under $10 Set...
TheStreet.com  Sep 16  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES Tableau Software was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $100. Company can maintain robust sales growth and exceed earnings expectations, Credit Suisse...
DailyFinance  Sep 15  Comment 
Holzer & Holzer, LLC is investigating whether Bankrate, Inc. (“Bankrate” or the “Company”) (NYSE: RATE) and/or certain of its officers complied with the federal securities laws in making public statements regarding its...
StreetInsider.com  Sep 15  Comment 
Avanir Pharmaceuticals (Nasdaq: AVNR) 58.8% HIGHER; announced positive results from its phase II clinical trial evaluating the safety and efficacy of AVP-923 for the treatment of agitation in patients with Alzheimer's disease. Treatment with...
TheStreet.com  Sep 15  Comment 
NEW YORK (TheStreet) -- Bankrate shares are down 15.7% to $11.65 on Monday after theapublisher, aggregator and distributor of personal finance content on the Internetarevealed that the SEC was investigating its financial reporting from 2012. ...
Benzinga  Sep 15  Comment 
Announces SEC Investigation Relating to 2012 Financial Reporting  Bankrate, Inc. (NYSE: RATE) today announced the appointment of Steven D. Barnhart, as interim Chief Financial Officer, effective immediately.  He succeeds Edward J....
StreetInsider.com  Sep 15  Comment 
SeekingAlpha  Aug 24  Comment 
By Brian Sanders: In my last bullish article on Bankrate (NYSE:RATE), I said the stock was good for a fat short term return in May. It netted between 13-20% depending on how you timed it from $15. This fair value analysis was backed by a variety...




 
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Bankrate, Inc. (NYSE:RATE) is an aggregator of financial rate information for American banks and lending institutions. The company owns and operates an Internet-based, consumer banking marketplace, licenses data, and editorial content to publishers and institutions, and operates a newsletter business. Bankrate continually surveys approximately 4,800 financial institutions in all 50 states in order to provide comparable rates to consumers.

The company's flagship Web site, Bankrate.com, provides free rate information to consumers on more than 300 financial products, including mortgages, credit cards, new and used automobile loans, money market accounts, certificates of deposit, checking and ATM fees, home equity loans and online banking fees. In addition to rate data, the company presents personal finance editorial content to help consumers make informed financial decisions.

Because of the current economic environment, financial resource websites such as Bankrate.com have seen an increase in unique hits. The challenge has come in turning the increased traffic into greater revenue. This has been a problem since the economic downturn, because of a decrease in advertising spending, especially in internet display ads. The concern for Bankrate, Inc is that there is a double negative effect because along with ad revenue Bankrate also collects revenue for every lead that generates a sale. [1]

Company Overview

Bankrate, Inc., together with its subsidiaries, owns and operates an Internet-based consumer banking and personal finance network. The company's main website, Bankrate.com provides information on numerous financial products such as mortgages, cds, investments, credit cards, auto loans, insurance, debt management, student loans, retirement options and taxes. It provides information regarding the fees and comparable rates from competing financial providers.

Bankrate, Inc operates through two segments, Online Publishing, and Print Publishing and Licensing.

  • The Online Publishing segment engages in the sale of advertising, sponsorships, leads, and hyperlinks through Bankrate.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwidecardservices.com, creditcardsearchengine.com, Savingforcollege.com, Feedisclosure.com, Insureme.com, and Bankrate.com.cn (China). Financial institutions and marketers purchase graphic ads on these sites in the form of banner, badge, billboard, poster, and island advertisements. [2]
  • The Print Publishing and Licensing segment sells advertising in the Mortgage Guide, and Deposit and CD Guide rate tables; newsletter subscription; and licensing of research information. According to Bankrate, Inc. the over 500 financial institutions who are listed on their rate tables purchase hyperlinks. These links connect consumers directly to the financial institution’s Web site, application page, or customer service department, allowing the lender to directly reach “in-market” consumers on the Bankrate site. Bankrate has revenue-sharing agreements with over 75 online partners, including Yahoo!, America Online, MSN, The Wall Street Journal Online and The New York Times Online.[3]
  • Bankrate, Inc. also markets consumer and business credit cards, as well as insurance rates for auto, home, life, health, and long-term care. In addition, revenue is also generated by distributing rate information and content in newspapers and magazines across the United States. Approximately 100 newspapers, including eight of the nation's top 10, distribute Bankrate’s content. The company’s distribution partners include The Wall Street Journal, The New York Times, USA Today, and numerous other national and regional publications. Bankrate publishes newsletters and licenses research data under agreements that permit the use of the data in other media. Bankrate also generates revenue by providing rate surveys to institutions and government agencies. [4]

[5]

Bank Rate, Inc. Revenue and Net Income -- Bank Rate, Inc. Revenue and Net Income 2008, 2007, 2006
Bank Rate, Inc. Revenue and Net Income[6] -- Bank Rate, Inc. Revenue and Net Income 2008, 2007, 2006

For the full year 2010, Bankrate reported a total revenue of $220.5M and $21.5M in net loss. This was 67% increase in revenue from the previous year.[7]

New Updates

The company's initial public offering of stock on the NYSE occurred on June 16, 2011. The company offered 20M shares each for $15 right at the midpoint of the initial price range of $14-$16. The offering raised a total of $300M. The lead managers of the IPO were Goldman Sachs Group (GS), Bank Of America (MXK:BAC), Citigroup (C), and J P Morgan Chase (JPM). [8]

Business and Financial Metrics

References

  1. Despite The Eyeballs, Ad Slowdown Hurts Bankrate
  2. Bankrate Company Profile
  3. Bankrate Company Profile
  4. Bankrate Company Profile
  5. Yahoo Finance RATE
  6. Citation
  7. Bankrate S-1/A 2011 SUMMARY "SUMMARY HISTORICAL AND PRO FORMA FINANCIAL DATA " pg 9-10
  8. Renaissance Capital - IPO Home "Bankrate prices IPO at $15, midpoint of the range" 16 June 2011
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