Amaya Inc (TSE:AYA) – Analysts at Clarus Securities dropped their FY2016 earnings per share estimates for Amaya in a report issued on Friday, according to Zacks Investment Research. Clarus Securities analyst J. Mackay now forecasts that the firm will post earnings of $2.05 per share for the year, down from their previous estimate of $2.12. The consensus estimate for Amaya’s FY2016 earnings is $1.58 per share.

A number of other research firms have also issued reports on AYA. Cormark lowered Amaya from a “top pick” rating to a “buy” rating in a research report on Wednesday, November 11th. Canaccord Genuity cut their target price on Amaya from C$48.00 to C$42.00 and set a “buy” rating on the stock in a research report on Wednesday, November 11th.

Shares of Amaya (TSE:AYA) traded down 1.85% on Monday, reaching $14.33. The company’s stock had a trading volume of 442,464 shares. The company has a market capitalization of $1.91 billion and a price-to-earnings ratio of 6.88. Amaya has a 1-year low of $14.06 and a 1-year high of $37.52. The stock has a 50-day moving average price of $17.21 and a 200-day moving average price of $25.30.

In other Amaya news, Director David Baazov bought 60,000 shares of the business’s stock in a transaction dated Thursday, November 12th. The shares were acquired at an average price of C$20.30 per share, with a total value of C$1,217,700.00. Also, insider Marlon Goldstein bought 3,200 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were acquired at an average cost of C$16.08 per share, for a total transaction of C$51,456.00.

Amaya Inc., formerly Amaya Gaming Group Inc., is a Canada-based provider of technology-based solutions, products and services in the global gaming and interactive entertainment industries. The Company operates in two segments: Business-to-Consumer (TSE:AYA) and Business-to-Business (B2B). The Company’s B2C business consists of the operations of Amaya Group Holdings (IOM) Limited and its subsidiaries (collectively, Rational Group), which, among other things, offer online and mobile real- and play-money poker and other gaming products, including casino and sports betting (also known as sportsbook), as well as certain live poker tours and events, branded poker rooms in casinos in cities around the world and poker programming for television and online audiences. The Company’s B2B business consists of the operations of certain of its subsidiaries, which offer interactive, land-based and lottery gaming solutions.

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