Outerwall, Inc. (OUTR)

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Insider Buying: Mark Horak Buys 1,000 Shares of Outerwall Stock (OUTR)

Outerwall (NASDAQ:OUTR) Insider Mark Horak purchased 1,000 shares of Outerwall stock on the open market in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $55.40 per share, with a total value of $55,400.00. Following the completion of the transaction, the insider now directly owns 6,942 shares of the company’s stock, valued at approximately $384,587. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of research firms have recently commented on OUTR. Analysts at Zacks downgraded shares of Outerwall from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $54.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Outerwall in a research note on Friday, August 1st. They now have a $48.00 price target on the stock, down previously from $49.00. Finally, analysts at B. Riley reiterated a “neutral” rating on shares of Outerwall in a research note on Friday, August 1st. They now have a $58.00 price target on the stock, down previously from $64.00. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Outerwall presently has a consensus rating of “Hold” and an average target price of $64.75.

Shares of Outerwall (NASDAQ:OUTR) opened at 56.94 on Friday. Outerwall has a 1-year low of $46.25 and a 1-year high of $74.30. The stock’s 50-day moving average is $56.71 and its 200-day moving average is $65.5. The company has a market cap of $1.093 billion and a price-to-earnings ratio of 9.40.

Outerwall (NASDAQ:OUTR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.40 by $0.02. The company had revenue of $549.17 million for the quarter, compared to the consensus estimate of $560.25 million. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Outerwall will post $5.98 earnings per share for the current fiscal year.

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

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