Insider Selling: Cardtronics CAO Sells 5,125 Shares of Stock (CATM)
Cardtronics (NASDAQ:CATM) CAO E. Brad Conrad sold 5,125 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.04, for a total value of $184,705.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,452 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CATM has been the subject of a number of recent research reports. Analysts at Compass Point downgraded shares of Cardtronics (NASDAQ:CATM) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. Separately, analysts at Jefferies Group raised their price target on shares of Cardtronics (NASDAQ:CATM) from $33.00 to $38.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Cardtronics (NASDAQ:CATM) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $35.60 price target on the stock.
One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.92.
Shares of Cardtronics (NASDAQ:CATM) traded down 0.78% on Wednesday, hitting $36.69. 195,101 shares of the company’s stock traded hands. Cardtronics has a 52 week low of $22.20 and a 52 week high of $37.10. The stock’s 50-day moving average is $35.44 and its 200-day moving average is $29.99. The company has a market cap of $1.648 billion and a P/E ratio of 34.59.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Wednesday, July 31st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $207.98 million for the quarter, compared to the consensus estimate of $207.93 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Cardtronics will post $1.86 earnings per share for the current fiscal year.
Cardtronics, Inc (NASDAQ:CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
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