Everi (NYSE:EVRI – Get Rating) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Thursday.
A number of other analysts have also weighed in on EVRI. Stifel Nicolaus dropped their price objective on Everi from $30.00 to $24.00 in a research note on Monday, August 1st. Truist Financial cut their price target on shares of Everi from $32.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, July 20th. B. Riley dropped their target price on shares of Everi from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, June 28th. Finally, Raymond James boosted their price target on Everi from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Thursday, August 4th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $28.75.
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Everi Trading Up 1.7 %
Shares of EVRI opened at $18.30 on Thursday. Everi has a 1-year low of $15.05 and a 1-year high of $26.61. The company has a market capitalization of $1.64 billion, a P/E ratio of 11.51 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. The firm's 50 day simple moving average is $18.77 and its 200 day simple moving average is $18.91.
Everi (NYSE:EVRI – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The credit services provider reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The firm had revenue of $197.22 million during the quarter, compared to analyst estimates of $182.21 million. Everi had a return on equity of 73.32% and a net
margin of 21.84%. Sell-side analysts forecast that Everi will post 1.31 earnings per share for the current fiscal year.
Insider Activity
In other Everi news, Chairman Michael D. Rumbolz sold 19,424 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $21.00, for a total transaction of $407,904.00. Following the sale, the chairman now directly owns 981,899 shares in the company, valued at approximately $20,619,879. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Everi news, Director Geoffrey P. Judge sold 3,000 shares of Everi stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $21.00, for a total value of $63,000.00. Following the completion of the sale, the director now owns 51,572 shares of the company's stock, valued at approximately $1,083,012. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Michael D. Rumbolz sold 19,424 shares of Everi 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 completion of the sale, the chairman now directly 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 a total of 29,848 shares of company stock worth $613,536 over the last 90 days. 4.60% of the stock is currently owned by insiders.
Institutional Trading of Everi
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Prelude Capital Management LLC grew its position in shares of Everi by 9.0% during the 2nd quarter. Prelude Capital Management LLC now owns 11,169 shares of the credit services provider's stock valued at $182,000 after acquiring an additional 924 shares during the period. Captrust Financial Advisors grew its holdings in Everi by 0.8% during the second quarter. Captrust Financial Advisors now owns 66,624 shares of the credit services provider's stock valued at $1,087,000 after purchasing an additional 530 shares during the period. ExodusPoint Capital Management LP increased its position in Everi by 33.0% in the second quarter. ExodusPoint Capital Management LP now owns 214,778 shares of the credit services provider's stock worth $3,503,000 after buying an additional 53,334 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Everi by 63.6% in the second quarter. Goldman Sachs Group Inc. now owns 294,788 shares of the credit services provider's stock worth $4,808,000 after buying an additional 114,584 shares during the period. Finally, Advisory Research Inc. lifted its position in shares of Everi by 145.5% during the 2nd quarter. Advisory Research Inc. now owns 34,271 shares of the credit services provider's stock valued at $559,000 after buying an additional 20,310 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.
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.
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