Amaya Inc. (NASDAQ:AYA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.
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. “
Several other research analysts have also recently issued reports on AYA. Desjardins increased their price target on Amaya to $30.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Canaccord Genuity set a $28.00 price target on Amaya and gave the stock a “buy” rating in a research note on Saturday, March 4th. TheStreet raised Amaya from a “d+” rating to a “c” rating in a research note on Wednesday, May 24th. Finally, ValuEngine cut Amaya from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.67.
Amaya (NASDAQ AYA) traded down 0.28% during trading on Friday, reaching $17.85. 89,784 shares of the company were exchanged. The stock has a market capitalization of $2.61 billion, a PE ratio of 23.71 and a beta of 1.98. The firm’s 50 day moving average is $18.10 and its 200 day moving average is $15.78. Amaya has a 52-week low of $12.85 and a 52-week high of $20.35.
Amaya (NASDAQ:AYA) last released its quarterly earnings results on Friday, May 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.05. Amaya had a return on equity of 24.47% and a net margin of 12.28%. The company had revenue of $317.32 million during the quarter, compared to analysts’ expectations of $308.63 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts expect that Amaya will post $2.02 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Zacks Investment Research Downgrades Amaya Inc. (AYA) to Hold” was first reported by sleekmoney and is the property of of sleekmoney. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://sleekmoney.com/zacks-investment-research-downgrades-amaya-inc-aya-to-hold/1916134.html.
A number of large investors have recently made changes to their positions in AYA. Van ECK Associates Corp increased its stake in shares of Amaya by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 8,951 shares of the technology company’s stock valued at $127,000 after buying an additional 200 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Amaya during the first quarter valued at about $171,000. Scotia Capital Inc. increased its stake in shares of Amaya by 14.7% in the fourth quarter. Scotia Capital Inc. now owns 14,037 shares of the technology company’s stock valued at $198,000 after buying an additional 1,794 shares in the last quarter. Finally, Legal & General Group Plc increased its stake 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 in the last quarter. 63.60% of the stock is owned by hedge funds and other institutional investors.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/zacks-investment-research-downgrades-amaya-inc-aya-to-hold/1916134.html
Receive News & Ratings for Amaya Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amaya Inc. and related companies with MarketBeat.com's FREE daily email newsletter.