Stifel Initiates Coverage on Multimedia Games Holding Co. (MGAM)
Investment analysts at Stifel began coverage on shares of Multimedia Games Holding Co. (NASDAQ:MGAM) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $36.00 price target on the stock. Stifel’s target price would suggest a potential upside of 23.29% from the stock’s previous close.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Multimedia Games Holding Co. in a research note on Monday. They set a “buy” rating and a $36.00 price target on the stock. Seven analysts have rated the stock with a buy rating, Multimedia Games Holding Co. currently has an average rating of “Buy” and an average target price of $36.53.
Shares of Multimedia Games Holding Co. (NASDAQ:MGAM) traded up 1.74% on Tuesday, hitting $29.20. 323,506 shares of the company’s stock traded hands. Multimedia Games Holding Co. has a one year low of $23.81 and a one year high of $40.15. The stock’s 50-day moving average is $28.36 and its 200-day moving average is $30.02. The company has a market cap of $864.7 million and a P/E ratio of 22.80.
Multimedia Games Holding Co. (NASDAQ:MGAM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $58.20 million for the quarter, compared to the consensus estimate of $53.70 million. The company’s quarterly revenue was up 24.9% on a year-over-year basis. Analysts expect that Multimedia Games Holding Co. will post $1.31 EPS for the current fiscal year.
In other Multimedia Games Holding Co. news, Director Robert D. Repass sold 4,000 shares of the stock on the open market in a transaction dated Thursday, May 29th. The shares were sold at an average price of $28.60, for a total transaction of $114,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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