Everi Holdings Inc. (NYSE:EVRI – Get Rating)'s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.80 and traded as low as $16.04. Everi shares last traded at $16.66, with a volume of 575,622 shares trading hands.
Wall Street Analyst Weigh In
EVRI has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Everi from a "buy" rating to a "strong-buy" rating in a research note on Thursday, September 8th. Raymond James lifted their price target on shares of Everi from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 4th. Stifel Nicolaus cut their target price on shares of Everi from $30.00 to $24.00 in a research report on Monday, August 1st. B. Riley cut their target price on shares of Everi from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, June 28th. Finally, Truist Financial cut their target price on shares of Everi from $32.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, July 20th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $28.75.
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Everi Price Performance
The firm's fifty day moving average price is $18.80 and its 200 day moving average price is $18.41. The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 4.81. The stock has a market cap of $1.50 billion, a PE ratio of 10.48 and a beta of 2.48.
Everi (NYSE:EVRI – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The credit services provider reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Everi had a net
margin of 21.84% and a return on equity of 73.32%. The company had revenue of $197.22 million for the quarter, compared to analysts' expectations of $182.21 million. As a group, equities analysts expect that Everi Holdings Inc. will post 1.31 EPS for the current fiscal year.
Insider Buying and Selling
In other Everi news, Director Geoffrey P. Judge sold 3,000 shares of the business's stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $19.00, for a total transaction of $57,000.00. Following the transaction, the director now owns 51,572 shares in the company, valued at $979,868. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Everi news, Chairman Michael D. Rumbolz sold 19,424 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $21.00, for a total transaction 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 $20,619,879. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 3,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $19.00, for a total transaction of $57,000.00. Following the sale, the director now directly owns 51,572 shares of the company's stock, valued at $979,868. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,848 shares of company stock worth $613,536. Insiders own 4.60% of the company's stock.
Hedge Funds Weigh In On Everi
Several hedge funds and other institutional investors have recently modified their holdings of EVRI. West Branch Capital LLC acquired a new position in Everi in the 2nd quarter worth approximately $44,000. Private Capital Group LLC acquired a new stake in Everi in the 1st quarter valued at $51,000. Meeder Asset Management Inc. acquired a new stake in Everi in the 2nd quarter valued at $65,000. Counterpoint Mutual Funds LLC grew its stake in Everi by 212.6% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 4,130 shares of the credit services provider's stock valued at $87,000 after acquiring an additional 2,809 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Everi by 7,296.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider's stock valued at $91,000 after acquiring an additional 4,305 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.
Everi Company 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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