Multimedia Games Holding Co. Director Sells $61,180 in Stock (MGAM)
Multimedia Games Holding Co. (NASDAQ:MGAM) Director Robert D. Repass sold 2,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.59, for a total value of $61,180.00. Following the sale, the director now directly owns 13,272 shares of the company’s stock, valued at approximately $405,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MGAM shares. Analysts at Zacks upgraded shares of Multimedia Games Holding Co. from a “neutral” rating to an “outperform” rating in a research note on Monday, January 20th. They now have a $37.20 price target on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of Multimedia Games Holding Co. from a “neutral” rating to a “buy” rating in a research note on Monday, January 13th. They now have a $37.00 price target on the stock, up previously from $34.00. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Multimedia Games Holding Co. from $38.00 to $34.00 in a research note on Friday, November 15th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.80.
Shares of Multimedia Games Holding Co. (NASDAQ:MGAM) traded down 0.49% on Thursday, hitting $30.34. 226,643 shares of the company’s stock traded hands. Multimedia Games Holding Co. has a 1-year low of $17.32 and a 1-year high of $40.15. The stock’s 50-day moving average is $32.10 and its 200-day moving average is $32.89. The company has a market cap of $898.0 million and a P/E ratio of 25.22.
Multimedia Games Holding Co. (NASDAQ:MGAM) last announced its earnings results on Thursday, January 30th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.04. On average, analysts predict that Multimedia Games Holding Co. will post $1.28 earnings per share for the current fiscal year.
Multimedia Games Holding Company, Inc, formerly Multimedia Games, Inc, designs, manufactures and supplies gaming machines and systems to casino operators in North America, domestic and selected international lottery operators, and commercial bingo gaming facility operators.
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