B. Riley Reaffirms “Neutral” Rating for PlayAGS (NYSE:AGS)

PlayAGS (NYSE:AGS)‘s stock had its “neutral” rating reissued by analysts at B. Riley in a report released on Monday, Benzinga reports. They presently have a $12.50 target price on the stock, down from their previous target price of $16.00. B. Riley’s price objective points to a potential upside of 9.65% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus downgraded shares of PlayAGS from a “buy” rating to a “hold” rating and boosted their target price for the company from $12.00 to $12.50 in a research note on Thursday, May 23rd. Truist Financial reissued a “hold” rating and set a $12.50 price objective (down previously from $13.00) on shares of PlayAGS in a research note on Monday, May 13th.

PlayAGS Price Performance

NYSE AGS traded down $0.05 during trading hours on Monday, reaching $11.40. The company’s stock had a trading volume of 659,456 shares, compared to its average volume of 419,114. The company has a debt-to-equity ratio of 7.30, a quick ratio of 2.60 and a current ratio of 3.38. The stock has a market cap of $449.84 million, a PE ratio of 95.00 and a beta of 2.45. The company’s 50-day moving average is $11.47 and its two-hundred day moving average is $10.02. PlayAGS has a fifty-two week low of $6.27 and a fifty-two week high of $11.75.

PlayAGS (NYSE:AGS) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. PlayAGS had a net margin of 1.38% and a return on equity of 7.71%. The business had revenue of $95.97 million during the quarter, compared to analysts’ expectations of $88.18 million. Analysts forecast that PlayAGS will post 0.53 EPS for the current year.

Institutional Investors Weigh In On PlayAGS

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGS. Vanguard Group Inc. grew its holdings in shares of PlayAGS by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 2,164,855 shares of the company’s stock worth $19,440,000 after purchasing an additional 70,799 shares during the period. Brigade Capital Management LP grew its stake in PlayAGS by 2.2% during the fourth quarter. Brigade Capital Management LP now owns 1,837,228 shares of the company’s stock worth $15,488,000 after buying an additional 39,181 shares during the period. Boston Partners increased its position in shares of PlayAGS by 214.2% in the first quarter. Boston Partners now owns 827,069 shares of the company’s stock worth $7,426,000 after acquiring an additional 563,843 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in PlayAGS in the 1st quarter valued at $5,841,000. Finally, Acadian Asset Management LLC grew its stake in shares of PlayAGS by 1.8% in the first quarter. Acadian Asset Management LLC now owns 590,175 shares of the company’s stock valued at $5,299,000 after buying an additional 10,301 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors and hedge funds.

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.