Bally Technologies Director Sells $782,115 in Stock (BYI)
Bally Technologies (NYSE:BYI) Director Robbins David unloaded 11,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $68.01, for a total value of $782,115.00. Following the completion of the sale, the director now directly owns 109,379 shares in the company, valued at approximately $7,438,866. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferson Research downgraded shares of Bally Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Separately, analysts at Janney Montgomery Scott downgraded shares of Bally Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, February 10th. They now have a $73.00 price target on the stock, down previously from $90.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Bally Technologies from $85.00 to $89.00 in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $83.75.
Shares of Bally Technologies (NYSE:BYI) traded down 0.51% during mid-day trading on Friday, hitting $67.98. The stock had a trading volume of 540,819 shares. Bally Technologies has a 52 week low of $47.00 and a 52 week high of $82.67. The stock’s 50-day moving average is $74.34 and its 200-day moving average is $73.32. The company has a market cap of $2.623 billion and a P/E ratio of 20.09.
Bally Technologies (NYSE:BYI) last released its earnings data on Thursday, February 6th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.05. The company had revenue of $285.20 million for the quarter, compared to the consensus estimate of $300.21 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts predict that Bally Technologies will post $4.40 earnings per share for the current fiscal year.
Bally Technologies, Inc (NYSE:BYI) is a global gaming company, which designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.
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