StockNews.com upgraded shares of Everi (NYSE:EVRI – Get Rating) from a buy rating to a strong-buy rating in a report released on Monday.
Several other equities research analysts also recently issued reports on the stock. Raymond James boosted their price objective 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. Truist Financial reduced their price target 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. Stifel Nicolaus lowered their price objective on shares of Everi from $30.00 to $24.00 in a research note on Monday, August 1st. Finally, B. Riley cut their price objective on Everi from $36.00 to $35.00 and set a buy rating for the company in a report on Tuesday, June 28th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Everi currently has an average rating of Buy and an average price target of $28.75.
Get Everi alerts:Everi Stock Performance
NYSE:EVRI opened at $18.53 on Monday. The company has a debt-to-equity ratio of 4.81, a quick ratio of 1.06 and a current ratio of 1.18. Everi has a fifty-two week low of $15.05 and a fifty-two week high of $26.61. The stock has a market capitalization of $1.66 billion, a P/E ratio of 11.65 and a beta of 2.50. The company has a 50 day moving average price of $18.64 and a 200 day moving average price of $19.05.
Everi (NYSE:EVRI – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The credit services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The firm had revenue of $197.22 million for the quarter, compared to analyst estimates of $182.21 million. Everi had a net margin of 21.84% and a return on equity of 73.32%. Equities research analysts forecast that Everi will post 1.31 EPS for the current year.Insiders Place Their Bets
In other Everi news, Chairman Michael D. Rumbolz sold 19,424 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $20,619,879. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Geoffrey P. Judge sold 3,000 shares of the company's stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $19.00, for a total transaction of $57,000.00. Following the transaction, the director now directly owns 51,572 shares of the company's stock, valued at $979,868. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael D. Rumbolz sold 19,424 shares of the company'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 transaction, the chairman now directly owns 981,899 shares in the company, valued at $20,619,879. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,848 shares of company stock worth $613,536. 4.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Everi
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. West Branch Capital LLC purchased a new stake in shares of Everi during the 2nd quarter worth about $44,000. Private Capital Group LLC acquired a new stake in Everi in the 1st quarter valued at about $51,000. Meeder Asset Management Inc. acquired a new stake in shares of Everi during the 2nd quarter worth approximately $65,000. Counterpoint Mutual Funds LLC increased its holdings in shares of Everi by 212.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 4,130 shares of the credit services provider's stock worth $87,000 after buying an additional 2,809 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Everi by 7,296.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider's stock worth $91,000 after buying an additional 4,305 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.
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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