Bally Technologies (NYSE:BYI) Director Richard Haddrill sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $74.66, for a total value of $1,493,200.00. Following the transaction, the director now directly owns 311,817 shares in the company, valued at approximately $23,280,257. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on BYI shares. Analysts at Deutsche Bank raised their price target on shares of Bally Technologies (NYSE:BYI) from $55.00 to $73.00 in a research note to investors on Friday, August 16th. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Bally Technologies (NYSE:BYI) from $75.00 to $85.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Bally Technologies (NYSE:BYI) from $85.00 to $87.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $78.93.
Bally Technologies (NYSE:BYI) opened at 74.53 on Monday. Bally Technologies has a one year low of $43.16 and a one year high of $76.30. The stock’s 50-day moving average is $73.28 and its 200-day moving average is $60.07. The company has a market cap of $2.853 billion and a price-to-earnings ratio of 21.60.
Bally Technologies (NYSE:BYI) last released its earnings data on Thursday, August 15th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.01. The company had revenue of $264.40 million for the quarter, compared to the consensus estimate of $256.36 million. During the same quarter last year, the company posted $0.78 earnings per share. Bally Technologies’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that Bally Technologies will post $3.93 earnings per share for the current fiscal year.
Bally Technologies, Inc (NYSE:BYI) is a global gaming company, which designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.