Shares of Everi Holdings Inc. (NYSE:EVRI – Get Rating) have earned a consensus rating of "Buy" from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.75.
EVRI has been the subject of a number of analyst reports. Truist Financial lowered their price target on Everi from $32.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, July 20th. Stifel Nicolaus decreased their target price on Everi from $30.00 to $24.00 in a research report on Monday, August 1st. StockNews.com raised Everi from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Raymond James raised their target price on Everi from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 4th. Finally, B. Riley decreased their target price on Everi from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, June 28th.
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Insider Activity at Everi
In other Everi news, Chairman Michael D. Rumbolz sold 19,424 shares of the business's stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $21.00, for a total value of $407,904.00. Following the sale, the chairman now directly owns 981,899 shares of the company's stock, valued at $20,619,879. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Geoffrey P. Judge sold 1,424 shares of the company's stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $18.00, for a total transaction of $25,632.00. Following the completion of the sale, the director now owns 51,572 shares in the company, valued at $928,296. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael D. Rumbolz sold 19,424 shares of the company's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $21.00, for a total value of $407,904.00. Following the completion of the sale, the chairman now owns 981,899 shares of the company's stock, valued at approximately $20,619,879. The disclosure for this sale can be found here. Insiders have sold 29,848 shares of company stock worth $613,536 over the last ninety days. 4.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Everi
A number of hedge funds and other institutional investors have recently modified their holdings of EVRI. Pitcairn Co. purchased a new stake in shares of Everi in the first quarter valued at $380,000. Jennison Associates LLC grew its holdings in shares of Everi by 38.8% in the first quarter. Jennison Associates LLC now owns 55,373 shares of the credit services provider's stock worth $1,163,000 after purchasing an additional 15,487 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in shares of Everi in the fourth quarter worth about $388,000. Los Angeles Capital Management LLC grew its holdings in shares of Everi by 14.8% in the first quarter. Los Angeles Capital Management LLC now owns 38,325 shares of the credit services provider's stock worth $805,000 after purchasing an additional 4,948 shares during the last quarter. Finally, Millrace Asset Group Inc. bought a new position in shares of Everi in the first quarter worth about $3,075,000. Institutional investors own 89.08% of the company's stock.
Everi Stock Performance
Shares of EVRI stock opened at $18.56 on Thursday. The business's 50 day simple moving average is $18.85 and its 200 day simple moving average is $18.82. Everi has a one year low of $15.05 and a one year high of $26.61. The stock has a market capitalization of $1.67 billion, a PE ratio of 11.67 and a beta of 2.48. The company has a debt-to-equity ratio of 4.81, a current ratio of 1.18 and a quick ratio of 1.06.
Everi (NYSE:EVRI – Get Rating) last announced its earnings results on Wednesday, August 3rd. The credit services provider reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $197.22 million for the quarter, compared to analysts' expectations of $182.21 million. Everi had a return on equity of 73.32% and a net margin of 21.84%. As a group, research analysts forecast that Everi will post 1.31 earnings per share for the current year.
About Everi
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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.
Further Reading
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