Cardtronics Receives a Hold from Barrington

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Cardtronics (NASDAQ: CATM). The company’s shares opened today at $28.86.

Prestopino commented:

“We believe the company will not be active on the acquisition front over the near term.”

According to, Prestopino is a 2-star analyst with an average return of 1.0% and a 43.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.

Cardtronics has an analyst consensus of Hold, with a price target consensus of $25.

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Based on Cardtronics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.77 million. In comparison, last year the company had a GAAP net loss of $901K.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CATM in relation to earlier this year.

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Cardtronics plc engages in the provision of automated consumer financial services through automated teller machines and multi-function financial services kiosks. It operates through the following segments: North America, Europe, and Corporate and Other.

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