Everi Holdings Inc. (NYSE:EVRI) Given Consensus Recommendation of “Hold” by Brokerages

Everi Holdings Inc. (NYSE:EVRI) has received an average rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.50.

Several research analysts recently weighed in on the stock. StockNews.com began coverage on shares of Everi in a report on Sunday. They issued a “hold” rating for the company. Stifel Nicolaus reissued a “hold” rating and issued a $14.25 price objective (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Truist Financial decreased their price objective on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Finally, B. Riley lifted their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th.

Everi Stock Performance

Shares of EVRI opened at $13.13 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. The business’s 50 day moving average price is $11.80 and its 200-day moving average price is $9.65. Everi has a 52 week low of $6.37 and a 52 week high of $14.91. The stock has a market cap of $1.12 billion, a P/E ratio of 20.19 and a beta of 2.15.

Everi (NYSE:EVRI) last announced its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. Equities research analysts anticipate that Everi will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everi news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at $886,777.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $155,736.70. Following the completion of the sale, the executive vice president now directly owns 68,477 shares of the company’s stock, valued at $886,777.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares in the company, valued at $10,292,944.90. The disclosure for this sale can be found here. Insiders sold 131,417 shares of company stock valued at $1,713,281 in the last three months. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Sei Investments Co. boosted its holdings in Everi by 13.7% in the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock valued at $5,495,000 after acquiring an additional 66,033 shares during the last quarter. Vista Investment Partners LLC bought a new position in shares of Everi during the second quarter valued at approximately $346,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Everi in the 1st quarter worth approximately $1,168,000. Private Capital Management LLC boosted its holdings in shares of Everi by 19.8% during the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after acquiring an additional 461,939 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Everi by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after buying an additional 745,022 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.