PlayAGS Inc (NYSE:AGS) Given Average Recommendation of “Hold” by Brokerages

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PlayAGS Inc (NYSE:AGS) has received a consensus rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $27.33.

AGS has been the subject of a number of recent research reports. Bank of America lowered shares of PlayAGS from a “buy” rating to an “underperform” rating in a research report on Thursday, August 8th. Roth Capital reduced their price target on shares of PlayAGS from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus reissued a “buy” rating on shares of PlayAGS in a research report on Thursday, August 8th. Deutsche Bank lowered shares of PlayAGS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $31.00 to $18.00 in a research report on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of PlayAGS from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 8th.

AGS traded up $0.31 during trading on Friday, reaching $10.46. 519,100 shares of the company’s stock were exchanged, compared to its average volume of 983,216. PlayAGS has a 1 year low of $6.05 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 4.00, a current ratio of 2.04 and a quick ratio of 1.47. The stock has a market capitalization of $370.70 million, a P/E ratio of -69.73, a price-to-earnings-growth ratio of 15.42 and a beta of 0.86. The company’s fifty day simple moving average is $17.84 and its 200-day simple moving average is $21.59.

PlayAGS (NYSE:AGS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.23). PlayAGS had a negative return on equity of 0.72% and a negative net margin of 4.62%. The business had revenue of $74.51 million for the quarter, compared to analysts’ expectations of $83.00 million. During the same period in the prior year, the business posted ($0.15) earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts forecast that PlayAGS will post 0.06 EPS for the current year.

In other news, Director Adam Chibib bought 5,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $8.90 per share, with a total value of $44,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kimo Akiona bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of $10.55 per share, with a total value of $105,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 25,000 shares of company stock valued at $239,000. Insiders own 2.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. FMR LLC increased its holdings in shares of PlayAGS by 37.9% during the 4th quarter. FMR LLC now owns 1,585,184 shares of the company’s stock valued at $36,459,000 after purchasing an additional 436,074 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of PlayAGS during the 1st quarter valued at approximately $241,000. Millennium Management LLC increased its holdings in shares of PlayAGS by 147.9% during the 4th quarter. Millennium Management LLC now owns 278,609 shares of the company’s stock valued at $6,408,000 after purchasing an additional 166,234 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of PlayAGS by 17.2% during the 4th quarter. Geode Capital Management LLC now owns 252,187 shares of the company’s stock valued at $5,800,000 after purchasing an additional 36,964 shares in the last quarter. Finally, LGT Capital Partners LTD. increased its holdings in shares of PlayAGS by 64.8% during 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. 98.43% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for PlayAGS (NYSE:AGS)

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