D.A. Davidson & CO. increased its stake in Everi Holdings Inc. (NYSE:EVRI – Get Rating) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,417 shares of the credit services provider's stock after buying an additional 3,768 shares during the quarter. D.A. Davidson & CO. owned approximately 0.08% of Everi worth $1,458,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Pitcairn Co. acquired a new stake in shares of Everi in the 1st quarter valued at approximately $380,000. Jennison Associates LLC raised its stake in Everi by 38.8% in the 1st quarter. Jennison Associates LLC now owns 55,373 shares of the credit services provider's stock valued at $1,163,000 after acquiring an additional 15,487 shares during the period. Divisadero Street Capital Management LP bought a new stake in Everi in the 4th quarter valued at $388,000. Los Angeles Capital Management LLC raised its stake in Everi by 14.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 38,325 shares of the credit services provider's stock valued at $805,000 after acquiring an additional 4,948 shares during the period. Finally, Millrace Asset Group Inc. bought a new stake in Everi in the 1st quarter valued at $3,075,000. Institutional investors and hedge funds own 89.08% of the company's stock.
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Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Everi from $30.00 to $24.00 in a research note on Monday, August 1st. B. Riley dropped their price target on Everi from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, June 28th. StockNews.com upgraded Everi from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 29th. Truist Financial lowered their price objective on Everi from $32.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, July 20th. Finally, Raymond James increased their price objective on Everi from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 4th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $28.75.
Everi Stock Down 0.7 %
EVRI stock opened at $18.40 on Friday. The company has a debt-to-equity ratio of 4.81, a current ratio of 1.18 and a quick ratio of 1.06. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.57 and a beta of 2.50. The business's fifty day moving average price is $18.64 and its two-hundred day moving average price is $19.05. Everi Holdings Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.61.
Everi (NYSE:EVRI – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The credit services provider reported $0.33 EPS for the quarter, hitting analysts' consensus estimates of $0.33. Everi had a return on equity of 73.32% and a net margin of 21.84%. The company had revenue of $197.22 million for the quarter, compared to analysts' expectations of $182.21 million. On average, equities analysts anticipate that Everi Holdings Inc. will post 1.31 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Geoffrey P. Judge sold 1,424 shares of the firm's stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $18.00, for a total value of $25,632.00. Following the transaction, the director now owns 51,572 shares in the company, valued at $928,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Michael D. Rumbolz sold 19,424 shares of the firm'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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey P. Judge sold 1,424 shares of the firm's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total value of $25,632.00. Following the completion of the sale, the director now directly owns 51,572 shares in the company, valued at $928,296. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,848 shares of company stock worth $613,536. Company insiders own 4.60% of the company's stock.
Everi Profile
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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.
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