EVO Payments Inc (NASDAQ:EVOP) EVP Michael L. Reidenbach sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $27.82, for a total transaction of $55,640.00. Following the transaction, the executive vice president now directly owns 356,563 shares of the company’s stock, valued at $9,919,582.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
EVO Payments stock opened at $28.03 on Wednesday. The business has a 50-day simple moving average of $28.13 and a two-hundred day simple moving average of $28.99. The company has a market cap of $2.30 billion, a P/E ratio of -18.94, a P/E/G ratio of 3.56 and a beta of 0.59. EVO Payments Inc has a 52-week low of $21.81 and a 52-week high of $31.93.
EVO Payments (NASDAQ:EVOP) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. EVO Payments had a negative net margin of 2.11% and a negative return on equity of 5.02%. The firm had revenue of $152.60 million during the quarter, compared to analyst estimates of $146.83 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that EVO Payments Inc will post 0.55 EPS for the current fiscal year.
A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. ValuEngine downgraded shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Co began coverage on shares of EVO Payments in a research note on Monday, October 21st. They set an “outperform” rating and a $32.00 target price for the company. Finally, BTIG Research reiterated a “hold” rating on shares of EVO Payments in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.81.
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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