Separately, Zacks Investment Research raised Amaya from a hold rating to a buy rating and set a $15.00 price objective for the company in a research report on Tuesday, January 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $24.67.
Amaya (NASDAQ AYA) opened at 17.85 on Thursday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 23.71 and a beta of 1.98. Amaya has a 1-year low of $12.85 and a 1-year high of $20.35. The firm’s 50-day moving average price is $18.11 and its 200-day moving average price is $15.80.
Amaya (NASDAQ:AYA) last released its quarterly earnings results on Friday, May 12th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. The company had revenue of $317.32 million during the quarter, compared to the consensus estimate of $308.63 million. Amaya had a return on equity of 24.47% and a net margin of 12.28%. Amaya’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that Amaya will post $2.02 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of AYA. Tower Research Capital LLC TRC boosted its position 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 worth $145,000 after buying an additional 5,081 shares during the last quarter. Van ECK Associates Corp boosted its position 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 worth $127,000 after buying an additional 200 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Amaya during the first quarter worth approximately $171,000. Scotia Capital Inc. boosted its position 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 worth $198,000 after buying an additional 1,794 shares in the last quarter. Finally, Legal & General Group Plc boosted its position 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 worth $250,000 after buying an additional 5,700 shares in the last quarter. Hedge funds and other institutional investors own 63.60% of the company’s stock.
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