Outerwall Inc (OUTR) is Downgraded by Wedbush to Neutral, Price Target at $45

Outerwall Inc (OUTR) was Downgraded by Wedbush to ” Neutral” and the brokerage firm has set the Price Target at $45. Earlier the firm had a rating of “Outperform ” on the company shares. Wedbush advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on Outerwall Inc. Outerwall Inc was Downgraded by ROTH Capital to ” Sell” on Jul 25, 2016.

On the company’s financial health, Outerwall Inc reported $2.44 EPS for the quarter, beating the analyst consensus estimate by $ 1.08 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.36. The company had revenue of $535.96 million for the quarter, compared to analysts expectations of $508.34 million. The company’s revenue was down -11.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.81 EPS.

Outerwall Inc opened for trading at $46.18 and hit $46.42 on the upside on Wednesday, eventually ending the session at $46.39, with a gain of 0.50% or 0.23 points. The heightened volatility saw the trading volume jump to 1,97,560 shares. Company has a market cap of $799 M.

In a different news, on Nov 20, 2015, James Gaherity (President, Coinstar) sold 950 shares at $65.32 per share price. According to the SEC, on May 27, 2015, Galen C Smith (Chief Financial Officer) sold 4,112 shares at $79.12 per share price. On May 22, 2015, Peter Osvaldik (Chief Accounting Officer) sold 852 shares at $77.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Outerwall Inc. is a provider of automated retail solutions. The Company’s business segments include The Redbox Coinstar and New Ventures. The Redbox segment is focused on the entertainment consumer sector where consumers can rent or purchase movies and video games from self-service kiosks. The Coinstar business segment is focused on the money consumer sector and provides self-service kiosks where consumers can convert their coins to cash and convert coins and paper bills to stored value products. Its New Ventures segment identifies evaluates builds and develops self-service concepts in the automated retail space.

Outerwall Inc

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Outerwall Inc - Is it time to Sell?

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