Shares of EVO Payments Inc (NASDAQ:EVOP) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $24.13.
Several research analysts have recently issued reports on EVOP shares. Deutsche Bank reduced their target price on shares of EVO Payments from $33.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, May 11th. Barclays lifted their price objective on shares of EVO Payments from $15.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Zacks Investment Research lowered shares of EVO Payments from a “hold” rating to a “sell” rating in a research note on Wednesday, July 22nd. BTIG Research reissued a “buy” rating and set a $26.00 price objective on shares of EVO Payments in a research note on Sunday, May 10th. Finally, Compass Point lifted their price objective on shares of EVO Payments from $16.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th.
In other EVO Payments news, Director Mark A. Chancy acquired 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $20.32 per share, for a total transaction of $101,600.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $101,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 51.00% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in EVO Payments by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 214,140 shares of the company’s stock worth $5,656,000 after buying an additional 29,722 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in EVO Payments during the first quarter worth $160,000. Rhumbline Advisers increased its holdings in EVO Payments by 3.1% during the first quarter. Rhumbline Advisers now owns 44,595 shares of the company’s stock worth $682,000 after buying an additional 1,321 shares during the last quarter. Deutsche Bank AG increased its holdings in EVO Payments by 118.1% during the first quarter. Deutsche Bank AG now owns 264,737 shares of the company’s stock worth $4,051,000 after buying an additional 143,354 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in EVO Payments by 120.2% during the first quarter. Two Sigma Advisers LP now owns 178,800 shares of the company’s stock worth $2,736,000 after buying an additional 97,600 shares during the last quarter. Institutional investors and hedge funds own 53.15% of the company’s stock.
Shares of NASDAQ EVOP opened at $22.69 on Friday. The firm has a market capitalization of $1.86 billion, a PE ratio of -90.76 and a beta of 1.56. EVO Payments has a 1 year low of $10.12 and a 1 year high of $31.93. The firm’s 50-day moving average is $22.88 and its 200-day moving average is $22.15.
EVO Payments (NASDAQ:EVOP) last issued its earnings results on Friday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $111.20 million for the quarter, compared to analyst estimates of $112.01 million. EVO Payments had a negative net margin of 1.98% and a negative return on equity of 6.84%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.20) EPS. As a group, equities research analysts expect that EVO Payments will post 0.41 EPS for the current year.
About EVO Payments
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 billion transactions in Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, security tokenization, and encryption solutions at the point-of-sale and online; dynamic currency conversion; loyalty offers; and other ancillary solutions.
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