Amaya Inc. (NASDAQ:AYA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Amaya, Inc. offers technology-based products and services in the gaming industry. It operates through business-to-consumer and business-to-business segments. The company’s gaming solution includes online casino gaming systems, Ongame poker software and network solutions, Game Office player management software platform, Mosino hospitality platform; land-based gaming solutions and lottery solutions. Amaya Inc., formerly known as Amaya Gaming Group Inc., is headquartered in Pointe-Claire, Canada. “
A number of other equities research analysts have also issued reports on AYA. Desjardins upped their price target on Amaya to $30.00 and gave the company a “hold” rating in a research report on Monday, May 15th. TheStreet upgraded Amaya from a “d+” rating to a “c” rating in a research report on Wednesday, May 24th. ValuEngine lowered Amaya from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd. Finally, Canaccord Genuity set a $29.00 price target on Amaya and gave the company a “buy” rating in a research report on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.33.
Amaya (NASDAQ AYA) traded up 0.58% during midday trading on Monday, hitting $17.45. The stock had a trading volume of 24,822 shares. The company has a market cap of $2.56 billion, a PE ratio of 23.17 and a beta of 1.98. The firm has a 50-day moving average of $17.54 and a 200-day moving average of $16.31. Amaya has a 12-month low of $12.85 and a 12-month high of $20.35.
Amaya (NASDAQ:AYA) last posted its quarterly earnings results on Friday, May 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $317.32 million during the quarter, compared to analyst estimates of $308.63 million. Amaya had a return on equity of 24.47% and a net margin of 12.28%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Equities research analysts forecast that Amaya will post $2.19 EPS for the current year.
Several large investors have recently bought and sold shares of AYA. Tower Research Capital LLC TRC raised its position in shares of Amaya by 148.5% in the first quarter. Tower Research Capital LLC TRC now owns 8,503 shares of the technology company’s stock valued at $145,000 after buying an additional 5,081 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of Amaya during the first quarter valued at $171,000. Legal & General Group Plc raised its position in shares of Amaya by 62.8% in the first quarter. Legal & General Group Plc now owns 14,774 shares of the technology company’s stock valued at $250,000 after buying an additional 5,700 shares during the last quarter. Global Endowment Management LP raised its position in shares of Amaya by 14.6% in the first quarter. Global Endowment Management LP now owns 20,590 shares of the technology company’s stock valued at $350,000 after buying an additional 2,620 shares during the last quarter. Finally, Howard Hughes Medical Institute raised its position in shares of Amaya by 11.1% in the first quarter. Howard Hughes Medical Institute now owns 29,193 shares of the technology company’s stock valued at $496,000 after buying an additional 2,920 shares during the last quarter. Institutional investors and hedge funds own 64.06% of the company’s stock.
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