Zacks Investment Research upgraded shares of PlayAGS (NYSE:AGS) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Zacks.com reports. They currently have $23.00 target price on the stock.
According to Zacks, “PlayAGS, Inc. is a designer and supplier of electronic gaming machines and other products and services for the gaming industry. The company’s product line-up includes Class III EGMs for commercial and Native American casinos, video bingo machines for select international markets, table game products and interactive social casino products. PlayAGS, Inc. is headquartered in Las Vegas, Nevada. “
Several other research firms have also recently commented on AGS. Roth Capital boosted their target price on Dmc Global from $50.00 to $70.00 and gave the stock a buy rating in a research note on Monday, April 8th. Deutsche Bank reissued a buy rating and set a $31.00 target price on shares of PlayAGS in a research note on Sunday, May 12th. Credit Suisse Group reaffirmed a neutral rating and set a $108.00 price target on shares of Wynn Resorts in a report on Wednesday, March 20th. Finally, ValuEngine raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $33.00.
AGS opened at $21.17 on Wednesday. PlayAGS has a 12 month low of $17.49 and a 12 month high of $32.80. The firm has a market cap of $731.23 million, a PE ratio of -141.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.87. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.91 and a quick ratio of 1.36. The business’s fifty day moving average is $19.32.
In other PlayAGS news, CEO David Lopez sold 6,144 shares of PlayAGS stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.98, for a total transaction of $128,901.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. LGT Capital Partners LTD. increased its holdings in PlayAGS by 64.8% in the 2nd quarter. LGT Capital Partners LTD. now owns 103,000 shares of the company’s stock valued at $2,003,000 after purchasing an additional 40,490 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of PlayAGS by 355.1% during the first quarter. Marshall Wace North America L.P. now owns 73,730 shares of the company’s stock worth $1,765,000 after acquiring an additional 57,530 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of PlayAGS during the first quarter worth $20,195,000. Stormborn Capital Management LLC increased its position in shares of PlayAGS by 27.2% during the first quarter. Stormborn Capital Management LLC now owns 280,317 shares of the company’s stock worth $6,708,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of PlayAGS during the first quarter worth $452,000. 98.12% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Buy Rating
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