EVO Payments Inc (NASDAQ:EVOP) Given Average Recommendation of “Hold” by Analysts

Shares of EVO Payments Inc (NASDAQ:EVOP) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $27.38.

A number of equities research analysts recently issued reports on EVOP shares. ValuEngine upgraded shares of EVO Payments from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of EVO Payments from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Cantor Fitzgerald started coverage on shares of EVO Payments in a research report on Wednesday, May 29th. They set a “neutral” rating and a $30.05 target price for the company. Finally, Northcoast Research started coverage on shares of EVO Payments in a research report on Friday, May 24th. They set a “neutral” rating for the company.

Shares of NASDAQ:EVOP opened at $31.53 on Friday. The company has a market capitalization of $2.58 billion and a PE ratio of -21.30. EVO Payments has a 1 year low of $19.42 and a 1 year high of $31.83. The stock has a fifty day simple moving average of $29.48.

EVO Payments (NASDAQ:EVOP) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $111.50 million during the quarter, compared to analysts’ expectations of $134.45 million. EVO Payments had a negative net margin of 3.65% and a negative return on equity of 0.36%. EVO Payments’s quarterly revenue was down 13.1% compared to the same quarter last year. On average, research analysts expect that EVO Payments will post 0.55 EPS for the current year.

In other EVO Payments news, EVP Groot Steven J. De sold 10,100 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $30.08, for a total transaction of $303,808.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Catherine E. Lafiandra sold 3,723 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $30.00, for a total transaction of $111,690.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,722 shares of company stock valued at $2,403,451.

A number of institutional investors have recently added to or reduced their stakes in EVOP. Ranger Investment Management L.P. acquired a new position in shares of EVO Payments during the fourth quarter valued at about $23,978,000. BlackRock Inc. raised its position in shares of EVO Payments by 80.9% during the fourth quarter. BlackRock Inc. now owns 1,769,998 shares of the company’s stock valued at $43,666,000 after buying an additional 791,431 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of EVO Payments by 51.5% during the first quarter. Victory Capital Management Inc. now owns 1,118,074 shares of the company’s stock valued at $32,480,000 after buying an additional 379,849 shares during the last quarter. Brown Advisory Inc. raised its position in shares of EVO Payments by 11.2% during the fourth quarter. Brown Advisory Inc. now owns 2,543,612 shares of the company’s stock valued at $62,751,000 after buying an additional 256,261 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of EVO Payments by 13.9% during the fourth quarter. Eagle Asset Management Inc. now owns 1,506,803 shares of the company’s stock valued at $37,172,000 after buying an additional 184,194 shares during the last quarter. 38.95% of the stock is owned by hedge funds and other institutional investors.

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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