Cardtronics CEO Sells $378,200 in Stock (CATM)
Cardtronics (NASDAQ:CATM) CEO Steven Rathgaber sold 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.82, for a total value of $378,200.00. Following the completion of the sale, the chief executive officer now directly owns 228,715 shares in the company, valued at approximately $8,650,001. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Cardtronics from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $41.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cardtronics in a research note to investors on Friday, October 4th. They now have a $43.00 price target on the stock, up previously from $38.00. Finally, analysts at Compass Point downgraded shares of Cardtronics from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.00.
Cardtronics (NASDAQ:CATM) traded down 0.03% during mid-day trading on Thursday, hitting $38.64. 177,964 shares of the company’s stock traded hands. Cardtronics has a 52-week low of $22.20 and a 52-week high of $38.82. The stock has a 50-day moving average of $36.64 and a 200-day moving average of $31.51. The company has a market cap of $1.735 billion and a P/E ratio of 36.16.
Cardtronics (NASDAQ:CATM) last issued its quarterly 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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