EVO Payments (NASDAQ:EVOP) Receives New Coverage from Analysts at Compass Point

Compass Point began coverage on shares of EVO Payments (NASDAQ:EVOP) in a research report released on Thursday, Benzinga reports. The brokerage issued a neutral rating and a $28.00 price objective on the stock.

Other analysts also recently issued reports about the stock. BTIG Research reaffirmed a hold rating on shares of EVO Payments in a report on Thursday, August 8th. Wells Fargo & Co began coverage on shares of EVO Payments in a report on Monday, October 21st. They issued an outperform rating and a $32.00 target price on the stock. Finally, Zacks Investment Research lowered shares of EVO Payments from a buy rating to a hold rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. EVO Payments has an average rating of Hold and a consensus target price of $28.68.

EVOP traded down $0.11 on Thursday, hitting $27.30. The company had a trading volume of 426,374 shares, compared to its average volume of 367,698. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -18.45, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59. The company’s fifty day moving average price is $28.08 and its 200 day moving average price is $28.98. EVO Payments has a 1-year low of $21.81 and a 1-year high of $31.93.

EVO Payments (NASDAQ:EVOP) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. EVO Payments had a negative return on equity of 5.02% and a negative net margin of 2.11%. The company had revenue of $152.60 million for the quarter, compared to the consensus estimate of $146.83 million. During the same quarter last year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts expect that EVO Payments will post 0.55 earnings per share for the current fiscal year.

In related news, EVP Michael L. Reidenbach sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 356,563 shares in the company, valued at approximately $9,919,582.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Darren Wilson sold 4,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $27.53, for a total transaction of $110,120.00. Following the transaction, the insider now owns 91,976 shares of the company’s stock, valued at $2,532,099.28. The disclosure for this sale can be found here. Insiders sold a total of 38,000 shares of company stock worth $1,072,520 in the last ninety days. Insiders own 61.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in EVO Payments by 22.3% in the second quarter. US Bancorp DE now owns 2,321 shares of the company’s stock worth $73,000 after purchasing an additional 423 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of EVO Payments during the 2nd quarter worth about $75,000. Bank of Montreal Can acquired a new stake in shares of EVO Payments during the 2nd quarter valued at about $82,000. Tower Research Capital LLC TRC increased its stake in EVO Payments by 3,186.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,469 shares of the company’s stock valued at $126,000 after acquiring an additional 4,333 shares during the period. Finally, HighTower Advisors LLC bought a new stake in EVO Payments in the second quarter valued at about $224,000. Institutional investors own 48.20% of the company’s stock.

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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