Zacks Investment Research upgraded shares of PlayAGS (NYSE:AGS) from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. The firm currently has $23.00 price target 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. “

AGS has been the subject of several other reports. Credit Suisse Group reiterated a neutral rating and set a $108.00 price target on shares of Wynn Resorts in a report on Wednesday, March 20th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Tuesday, April 30th. Roth Capital upped their price target on shares of Dmc Global from $50.00 to $70.00 and gave the stock a buy rating in a report on Monday, April 8th. Finally, Deutsche Bank reiterated a buy rating and set a $31.00 price target on shares of PlayAGS in a report on Sunday, May 12th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $33.00.

Shares of NYSE:AGS opened at $21.17 on Wednesday. The business’s fifty day moving average is $19.32. The firm has a market capitalization of $731.23 million, a P/E ratio of 688.33, a PEG ratio of 2.88 and a beta of 0.87. The company has a quick ratio of 1.36, a current ratio of 1.91 and a debt-to-equity ratio of 3.84. PlayAGS has a 52-week low of $17.49 and a 52-week high of $32.80.

In related news, CEO David Lopez sold 6,144 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $20.98, for a total value of $128,901.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in shares of PlayAGS by 37.9% in the fourth quarter. FMR LLC now owns 1,585,184 shares of the company’s stock worth $36,459,000 after purchasing an additional 436,074 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of PlayAGS in the fourth quarter worth $54,000. Quantitative Systematic Strategies LLC bought a new stake in shares of PlayAGS in the first quarter worth $241,000. Millennium Management LLC grew its stake in shares of PlayAGS by 147.9% in the fourth quarter. Millennium Management LLC now owns 278,609 shares of the company’s stock worth $6,408,000 after purchasing an additional 166,234 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of PlayAGS by 17.2% in the fourth quarter. Geode Capital Management LLC now owns 252,187 shares of the company’s stock worth $5,800,000 after purchasing an additional 36,964 shares during the last quarter. 98.12% of the stock is currently owned by institutional investors.

About PlayAGS

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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