Share on StockTwits

Outerwall (NASDAQ:OUTR) was the target of unusually large options trading on Wednesday. Stock traders acquired 4,730 put options on the company, Stock Ratings News reports. This represents an increase of 419% compared to the typical volume of 911 put options.

A number of research firms have recently commented on OUTR. Analysts at Riley & Co. downgraded shares of Outerwall from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $76.00 price target on the stock, down previously from $100.00. Separately, analysts at B. Riley downgraded shares of Outerwall from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $76.00 price target on the stock, down previously from $100.00. Finally, analysts at Zacks upgraded shares of Outerwall from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $74.60 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.57.

Outerwall (NASDAQ:OUTR) traded down 6.32% on Wednesday, hitting $61.18. The stock had a trading volume of 2,623,507 shares. Outerwall has a 1-year low of $46.25 and a 1-year high of $74.30. The stock has a 50-day moving average of $68.99 and a 200-day moving average of $68.21. The company has a market cap of $1.204 billion and a price-to-earnings ratio of 10.20.

Outerwall (NASDAQ:OUTR) last announced its earnings results on Thursday, May 1st. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.32. The company had revenue of $600.40 million for the quarter, compared to the consensus estimate of $586.65 million. Outerwall’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Outerwall will post $6.93 EPS for the current fiscal year.

Outerwall Inc, formerly Coinstar, Inc, is a provider of automated retail solutions, which offers convenient products and services.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.