EVO Payments Inc (NASDAQ:EVOP) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.55.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of EVO Payments from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. First Analysis assumed coverage on shares of EVO Payments in a research note on Thursday, January 31st. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, ValuEngine raised shares of EVO Payments from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.

Shares of NASDAQ:EVOP traded up $0.67 during trading on Friday, reaching $28.97. 3,978 shares of the stock were exchanged, compared to its average volume of 277,611. EVO Payments has a 12 month low of $19.00 and a 12 month high of $30.65. The stock has a market cap of $2.32 billion and a PE ratio of -19.43.

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 analysts’ consensus estimates of $0.04 by $0.04. EVO Payments had a negative return on equity of 0.36% and a negative net margin of 3.65%. The company had revenue of $111.50 million during the quarter, compared to analysts’ expectations of $134.45 million. The company’s quarterly revenue was down 13.1% on a year-over-year basis. On average, analysts forecast that EVO Payments will post 0.55 earnings per share for the current year.

In other EVO Payments news, EVP Michael L. Reidenbach sold 2,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Catherine E. Lafiandra sold 3,723 shares of the company’s stock in a transaction on Friday, April 26th. The shares were 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. Insiders have sold 21,723 shares of company stock worth $626,530 in the last ninety days.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Loomis Sayles & Co. L P boosted its position in EVO Payments by 3.9% during the first quarter. Loomis Sayles & Co. L P now owns 1,388,998 shares of the company’s stock valued at $40,350,000 after acquiring an additional 52,337 shares during the last quarter. Geode Capital Management LLC boosted its position in EVO Payments by 19.9% during the first quarter. Geode Capital Management LLC now owns 290,900 shares of the company’s stock valued at $8,450,000 after acquiring an additional 48,184 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in EVO Payments by 6.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 56,369 shares of the company’s stock valued at $1,638,000 after acquiring an additional 3,345 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in EVO Payments during the first quarter valued at $91,000. Finally, TCW Group Inc. bought a new stake in EVO Payments during the first quarter valued at $302,000. 38.86% of the stock is currently owned by institutional investors and hedge funds.

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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