PlayAGS (NYSE:AGS – Get Rating) had its price objective decreased by Stifel Nicolaus from $11.00 to $9.00 in a research report issued on Monday, The Fly reports. Stifel Nicolaus’ price target points to a potential upside of 74.08% from the company’s previous close.
Several other analysts have also recently issued reports on the stock. Truist Financial decreased their target price on shares of PlayAGS from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. B. Riley cut their price target on shares of PlayAGS from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PlayAGS from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Thursday, July 14th. Finally, Roth Capital began coverage on shares of PlayAGS in a research note on Wednesday, April 27th. They issued a “buy” rating on the stock.
PlayAGS Stock Up 5.9 %
Shares of AGS stock opened at $5.17 on Monday. The company has a market capitalization of $191.86 million, a price-to-earnings ratio of -6.89 and a beta of 2.55. PlayAGS has a one year low of $4.21 and a one year high of $10.45. The company’s fifty day moving average price is $5.28 and its 200-day moving average price is $6.36. The company has a debt-to-equity ratio of 16.42, a current ratio of 2.37 and a quick ratio of 1.82.
PlayAGS (NYSE:AGS – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $72.86 million for the quarter, compared to analysts’ expectations of $70.27 million. PlayAGS had a negative net margin of 9.88% and a negative return on equity of 44.92%. During the same quarter in the previous year, the company earned ($0.21) EPS. Sell-side analysts expect that PlayAGS will post -0.39 EPS for the current fiscal year.
Institutional Trading of PlayAGS
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGS. Calamos Advisors LLC acquired a new position in shares of PlayAGS in the 1st quarter valued at about $1,324,000. New York State Common Retirement Fund increased its stake in shares of PlayAGS by 81.6% in the 4th quarter. New York State Common Retirement Fund now owns 13,538 shares of the company’s stock valued at $92,000 after purchasing an additional 6,083 shares in the last quarter. Saltoro Capital LP increased its stake in shares of PlayAGS by 136.6% in the 1st quarter. Saltoro Capital LP now owns 255,665 shares of the company’s stock valued at $1,705,000 after purchasing an additional 147,620 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in PlayAGS during the 4th quarter worth approximately $278,000. Finally, Invenomic Capital Management LP increased its stake in PlayAGS by 1.9% during the 4th quarter. Invenomic Capital Management LP now owns 128,647 shares of the company’s stock worth $874,000 after buying an additional 2,402 shares in the last quarter. Institutional investors and hedge funds own 82.17% of the company’s stock.
PlayAGS Company Profile
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.
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Source: defenseworld.net
