PlayAGS (NYSE:AGS) Coverage Initiated by Analysts at B. Riley

Analysts at B. Riley initiated coverage on shares of PlayAGS (NYSE:AGS) in a research note issued on Friday, MarketBeat reports. The firm set a “buy” rating and a $16.00 price target on the stock. B. Riley’s price target suggests a potential upside of 71.86% from the company’s previous close. B. Riley also issued estimates for PlayAGS’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS and Q4 2025 earnings at $0.23 EPS.

Several other analysts have also weighed in on AGS. JMP Securities reissued a “market outperform” rating and issued a $13.00 target price on shares of PlayAGS in a report on Monday, April 1st. Truist Financial upped their target price on PlayAGS from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $12.20.

PlayAGS Trading Up 9.8 %

Shares of AGS stock opened at $9.31 on Friday. The company has a debt-to-equity ratio of 8.09, a current ratio of 3.48 and a quick ratio of 2.72. The firm has a market capitalization of $365.14 million, a PE ratio of 931.93 and a beta of 2.40. PlayAGS has a 1-year low of $4.53 and a 1-year high of $9.82. The business’s fifty day moving average price is $9.00 and its 200 day moving average price is $8.03.

Institutional Trading of PlayAGS

Large investors have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust boosted its stake in shares of PlayAGS by 33.3% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 607,412 shares of the company’s stock valued at $3,960,000 after acquiring an additional 151,794 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of PlayAGS by 1,708.2% during the third quarter. Los Angeles Capital Management LLC now owns 291,699 shares of the company’s stock valued at $1,902,000 after acquiring an additional 275,567 shares during the last quarter. Boston Partners acquired a new stake in shares of PlayAGS during the third quarter valued at $879,000. Federated Hermes Inc. boosted its stake in shares of PlayAGS by 468.7% during the third quarter. Federated Hermes Inc. now owns 166,818 shares of the company’s stock valued at $1,088,000 after acquiring an additional 137,483 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in shares of PlayAGS by 2.4% during the third quarter. Kennedy Capital Management LLC now owns 58,520 shares of the company’s stock valued at $382,000 after acquiring an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

PlayAGS Company Profile

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.