Zacks Investment Research Downgrades PlayAGS (NYSE:AGS) to Hold
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 analysts have also recently commented on AGS. Roth Capital boosted 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. Deutsche Bank reiterated a “buy” rating and set a $31.00 price target on shares of PlayAGS in a report on Sunday, May 12th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.00.
In other news, CEO David Lopez sold 6,144 shares of the company’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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
Several institutional investors have recently modified their holdings of AGS. Optimum Investment Advisors acquired a new stake in PlayAGS during the 1st quarter worth $36,000. Great West Life Assurance Co. Can acquired a new stake in PlayAGS during the 4th quarter worth $54,000. Legal & General Group Plc boosted its stake in PlayAGS by 20.6% during the 4th quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock worth $103,000 after purchasing an additional 764 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in PlayAGS during the 1st quarter worth $109,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in PlayAGS during the 1st quarter worth $128,000. Institutional investors and hedge funds own 98.12% of the company’s stock.
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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