Outerwall Insider Sells $116,795 in Stock (OUTR)
Outerwall (NASDAQ:OUTR) Insider Michael Skinner unloaded 1,750 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $66.74, for a total transaction of $116,795.00. Following the transaction, the insider now directly owns 8,558 shares of the company’s stock, valued at approximately $571,161. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Outerwall (NASDAQ:OUTR) traded down 0.26% during mid-day trading on Thursday, hitting $64.98. 570,660 shares of the company’s stock traded hands. Outerwall has a 52-week low of $40.50 and a 52-week high of $65.60. The stock has a 50-day moving average of $57.51 and a 200-day moving average of $58.3. The company has a market cap of $1.799 billion and a P/E ratio of 10.84.
Outerwall (NASDAQ:OUTR) last released its earnings data on Thursday, October 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $587.40 million for the quarter, compared to the consensus estimate of $577.32 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Outerwall will post $4.98 earnings per share for the current fiscal year.
A number of research firms have recently commented on OUTR. Analysts at Benchmark Co. raised their price target on shares of Outerwall from $70.00 to $75.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Outerwall from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 25th. They now have a $60.00 price target on the stock. Finally, analysts at Northland Securities raised their price target on shares of Outerwall from $62.00 to $75.00 in a research note to investors on Friday, October 25th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.57.
Outerwall Inc, formerly Coinstar, Inc, is a provider of automated retail solutions, which offers convenient products and services.
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