Insider Selling: Rick Updyke Sells 33,197 Shares of Cardtronics Stock (CATM)
Cardtronics (NASDAQ:CATM) Insider Rick Updyke sold 33,197 shares of Cardtronics stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $35.97, for a total value of $1,194,096.09. Following the completion of the sale, the insider now directly owns 111,390 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, 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 analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $34.92.
Shares of Cardtronics (NASDAQ:CATM) traded down 0.78% on Wednesday, hitting $36.69. The stock had a trading volume of 195,101 shares. Cardtronics has a 1-year low of $22.20 and a 1-year high of $37.10. The stock has a 50-day moving average of $35.44 and a 200-day moving average of $29.99. The company has a market cap of $1.648 billion and a P/E ratio of 34.59.
Cardtronics (NASDAQ:CATM) last released its earnings data on Wednesday, July 31st. The company reported $0.49 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Cardtronics’s revenue was up 8.3% compared to the same quarter last year. Analysts expect that Cardtronics will post $1.86 EPS 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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