Outerwall Inc. (NASDAQ:OUTR) shares dropped 1.8% during mid-day trading on Thursday . The company traded as low as $41.86 and last traded at $42.29, with a volume of 362,231 shares trading hands. The stock had previously closed at $43.08.

OUTR has been the topic of a number of recent analyst reports. Roth Capital reissued a “hold” rating on shares of Outerwall in a research note on Monday, March 28th. Wedbush reissued a “buy” rating and issued a $40.00 price objective on shares of Outerwall in a research note on Tuesday, March 15th. Craig Hallum boosted their price objective on Outerwall to $48.00 and gave the company a “buy” rating in a research note on Tuesday, March 15th. Zacks Investment Research raised Outerwall from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $58.00 price target on shares of Outerwall in a research note on Thursday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Outerwall currently has an average rating of “Hold” and an average target price of $50.13.

The company has a market capitalization of $706.03 million and a PE ratio of 16.14. The company has a 50 day moving average of $41.66 and a 200 day moving average of $37.07.

Outerwall (NASDAQ:OUTR) last posted its earnings results on Thursday, April 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $1.11. The business earned $535.96 million during the quarter, compared to the consensus estimate of $508.35 million. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 earnings per share. On average, analysts predict that Outerwall Inc. will post $6.25 EPS for the current year.

Several hedge funds have bought and sold shares of the company. Comerica Bank boosted its stake in Outerwall by 23.0% in the fourth quarter. Comerica Bank now owns 40,603 shares of the company’s stock valued at $1,356,000 after buying an additional 7,602 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Outerwall by 359.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 42,158 shares of the company’s stock valued at $1,540,000 after buying an additional 32,992 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in Outerwall during the fourth quarter valued at about $1,710,000. GSA Capital Partners LLP boosted its stake in Outerwall by 19.9% in the fourth quarter. GSA Capital Partners LLP now owns 62,750 shares of the company’s stock valued at $2,293,000 after buying an additional 10,397 shares during the last quarter. Finally, Krasney Financial LLC boosted its stake in Outerwall by 4.3% in the fourth quarter. Krasney Financial LLC now owns 88,439 shares of the company’s stock valued at $3,232,000 after buying an additional 3,664 shares during the last quarter.

Outerwall Inc is a provider of automated retail solutions. The Company’s business segments are Redbox, Coinstar and ecoATM. Its offerings include Redbox business, which enables consumers to rent or purchase movies and video games from self-service kiosks (Redbox segment); Coinstar business, which enables consumers to convert their coins to cash and convert coins and cash to stored value products at self-service kiosks (Coinstar segment), and ecoATM business, which enables consumers to sell electronic devices for cash at self-service kiosks, and purchase and sell electronic devices for cash through an online solution under its Gazelle brand.

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