In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Everi Holdings (EVRI – Research Report). The company’s shares closed yesterday at $12.78.
Sutton covers the Technology sector, focusing on stocks such as AudioEye, Freightos Limited, and Par Technology. According to TipRanks, Sutton has an average return of 9.4% and a 49.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Everi Holdings with a $21.00 average price target.
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Based on Everi Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $77.78 million and a net profit of $27.4 million. In comparison, last year the company earned a revenue of $74.08 million and had a net profit of $32.52 million
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EVRI in relation to earlier this year. Most recently, in August 2023, Geoffrey Judge, a Director at EVRI bought 10,000.00 shares for a total of $77,400.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Everi Holdings (EVRI) Company Description:
Everi Holdings, Inc. engages in the provision of technology solutions to the casino gaming industry. It operates through the Games and FinTech segments. The Games segment provides solutions directly to gaming establishments to offer patrons gaming entertainment related experiences such as: leased gaming equipment; sales and maintenance related services of gaming equipment; gaming systems; and ancillary products and services. The FinTech segment includes gaming establishments to offer patrons cash access services and products including: access to cash at gaming facilities via ATM cash withdrawals, credit card cash access transactions and point of sale debit card cash access transactions; check-related services; fully integrated kiosks and maintenance services; compliance, audit and data software; casino credit data; and reporting services and other ancillary offerings. The company was founded on February 4, 2004 and is headquartered in Las Vegas, NV.
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