PlayAGS (NYSE:AGS) Given Hold Rating at Truist Financial

PlayAGS (NYSE:AGS - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Truist Financial in a report issued on Monday, Benzinga reports. They currently have a $12.50 price objective on the stock, down from their prior price objective of $13.00. Truist Financial's price objective indicates a potential upside of 9.55% from the company's previous close.

Several other research analysts also recently weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $13.00 price objective on shares of PlayAGS in a report on Monday, April 1st. B. Riley assumed coverage on PlayAGS in a research note on Friday, April 5th. They issued a "buy" rating and a $16.00 price objective for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.10.

PlayAGS Trading Up 1.1 %

AGS traded up $0.12 during trading on Monday, reaching $11.41. 1,034,986 shares of the stock traded hands, compared to its average volume of 425,141. The stock has a market capitalization of $450.24 million, a PE ratio of 1,142.14 and a beta of 2.38. The stock's 50-day moving average is $9.02 and its 200 day moving average is $8.45. The company has a quick ratio of 2.60, a current ratio of 3.38 and a debt-to-equity ratio of 7.30. PlayAGS has a 12 month low of $5.10 and a 12 month high of $11.51.

Institutional Trading of PlayAGS

Institutional investors and hedge funds have recently modified their holdings of the business. Panagora Asset Management Inc. purchased a new stake in shares of PlayAGS during the 3rd quarter worth approximately $76,000. M&T Bank Corp lifted its stake in shares of PlayAGS by 7.0% during the 3rd quarter. M&T Bank Corp now owns 193,286 shares of the company's stock valued at $1,260,000 after buying an additional 12,650 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in PlayAGS by 1,708.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 291,699 shares of the company's stock worth $1,902,000 after buying an additional 275,567 shares during the period. Jump Financial LLC purchased a new position in PlayAGS in the 3rd quarter valued at approximately $86,000. Finally, Quantbot Technologies LP raised its holdings in PlayAGS by 254.0% during the 3rd quarter. Quantbot Technologies LP now owns 13,269 shares of the company's stock valued at $87,000 after acquiring an additional 9,521 shares during the period. 77.44% of the stock is owned by hedge funds and other 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.