Amaya’s (AYA) “Buy” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Amaya Inc (TSE:AYA) (NYSE:AYA) in a research report report published on Sunday, May 14th. They currently have a C$31.00 price target on the stock, up from their previous price target of C$29.00.

Separately, Desjardins boosted their target price on Amaya to C$24.50 and gave the company a hold rating in a research report on Thursday, March 23rd.

Amaya (TSE AYA) traded down 0.51% during trading on Friday, reaching $23.58. The company’s stock had a trading volume of 1,645,377 shares. The firm has a market cap of $3.45 billion and a P/E ratio of 31.31. Amaya has a 52 week low of $17.07 and a 52 week high of $27.91. The stock’s 50 day moving average is $24.49 and its 200-day moving average is $21.12.

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In related news, Director Daniel Yaacov Sebag sold 110,200 shares of the stock in a transaction on Monday, March 27th. The stock was sold at an average price of C$22.75, for a total value of C$2,507,050.00. Also, insider Hao Tang acquired 400,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was acquired at an average price of C$23.89 per share, for a total transaction of C$9,556,000.00. Over the last ninety days, insiders bought 2,647,100 shares of company stock valued at $62,746,864 and sold 12,364,154 shares valued at $275,908,981.

About Amaya

Amaya Inc is a Canada-based provider of technology-based products and services in the global gaming and interactive entertainment industries. The Company’s business-to-consumer (B2C) business consists of the operations of Amaya Group Holding (IOM) Limited and its subsidiaries (collectively Rational Group).

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