EVO Payments Inc (NASDAQ:EVOP) has been assigned an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $27.68.

A number of analysts recently commented on the company. ValuEngine lowered EVO Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Northcoast Research assumed coverage on EVO Payments in a research report on Friday, May 24th. They issued a “neutral” rating for the company. BTIG Research reaffirmed a “hold” rating on shares of EVO Payments in a research report on Thursday, August 8th. Cantor Fitzgerald assumed coverage on EVO Payments in a research report on Wednesday, May 29th. They issued a “neutral” rating and a $30.05 target price for the company. Finally, Zacks Investment Research lowered EVO Payments from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th.

In other EVO Payments news, EVP Groot Steven J. De sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $29.00, for a total transaction of $58,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael L. Reidenbach sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $31.18, for a total value of $124,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,999 shares of company stock valued at $2,358,053 over the last three months. Corporate insiders own 61.16% of the company’s stock.

A number of hedge funds have recently modified their holdings of EVOP. Vanguard Group Inc. increased its holdings in shares of EVO Payments by 34.6% in the second quarter. Vanguard Group Inc. now owns 2,830,161 shares of the company’s stock worth $89,236,000 after purchasing an additional 727,681 shares during the period. TimesSquare Capital Management LLC lifted its holdings in EVO Payments by 14.0% in the second quarter. TimesSquare Capital Management LLC now owns 2,462,320 shares of the company’s stock worth $77,637,000 after buying an additional 302,250 shares during the period. BlackRock Inc. lifted its holdings in EVO Payments by 31.7% in the second quarter. BlackRock Inc. now owns 2,186,648 shares of the company’s stock worth $68,946,000 after buying an additional 526,836 shares during the period. Eagle Asset Management Inc. lifted its holdings in EVO Payments by 8.0% in the first quarter. Eagle Asset Management Inc. now owns 1,626,607 shares of the company’s stock worth $47,252,000 after buying an additional 119,804 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in EVO Payments by 6.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,504,268 shares of the company’s stock worth $47,430,000 after buying an additional 93,599 shares during the period. 39.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of EVOP stock traded up $0.04 during mid-day trading on Friday, hitting $28.45. The company’s stock had a trading volume of 2,673 shares, compared to its average volume of 467,236. The company’s fifty day simple moving average is $29.69 and its 200-day simple moving average is $28.55. EVO Payments has a 52 week low of $20.99 and a 52 week high of $31.93. The company has a market cap of $2.30 billion, a PE ratio of -19.24, a P/E/G ratio of 4.28 and a beta of 0.61.

EVO Payments (NASDAQ:EVOP) last issued its earnings results on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. EVO Payments had a negative return on equity of 4.80% and a negative net margin of 6.85%. The business had revenue of $122.52 million during the quarter, compared to analyst estimates of $141.10 million. EVO Payments’s revenue was down 13.0% compared to the same quarter last year. On average, equities analysts forecast that EVO Payments will post 0.55 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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Analyst Recommendations for EVO Payments (NASDAQ:EVOP)

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