PlayAGS (NYSE:AGS) Earns Buy Rating from Analysts at B. Riley

Stock analysts at B. Riley began coverage on shares of PlayAGS (NYSE:AGS - Get Free Report) in a note issued to investors on Friday, MarketBeat Ratings reports. The firm set a "buy" rating and a $16.00 price target on the stock. B. Riley's price objective indicates a potential upside of 71.86% from the stock's current price.

A number of other research firms also recently commented on AGS. Truist Financial upped their price objective on PlayAGS from $12.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. JMP Securities reaffirmed a "market outperform" rating and set a $13.00 price target on shares of PlayAGS in a research report on Monday. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, PlayAGS currently has a consensus rating of "Buy" and an average price target of $12.20.

PlayAGS Trading Up 9.8 %

NYSE AGS traded up $0.83 on Friday, reaching $9.31. The company had a trading volume of 859,070 shares, compared to its average volume of 302,926. The stock's 50 day moving average is $9.00 and its 200-day moving average is $8.02. The stock has a market cap of $365.14 million, a price-to-earnings ratio of 931.93 and a beta of 2.40. The company has a quick ratio of 2.72, a current ratio of 3.48 and a debt-to-equity ratio of 8.09. PlayAGS has a 52 week low of $4.53 and a 52 week high of $9.82.

Institutional Investors Weigh In On PlayAGS

A number of hedge funds have recently modified their holdings of AGS. Bank of New York Mellon Corp raised its position in shares of PlayAGS by 22.7% during the first quarter. Bank of New York Mellon Corp now owns 157,475 shares of the company's stock worth $1,050,000 after purchasing an additional 29,120 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PlayAGS during the first quarter worth about $712,000. Dimensional Fund Advisors LP grew its holdings in shares of PlayAGS by 35.6% during the first quarter. Dimensional Fund Advisors LP now owns 267,630 shares of the company's stock worth $1,786,000 after buying an additional 70,206 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of PlayAGS during the first quarter worth about $56,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PlayAGS by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 73,174 shares of the company's stock worth $489,000 after buying an additional 4,467 shares in the last quarter. Institutional investors and hedge funds own 77.44% of the company's stock.

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.