Squarepoint Ops LLC Acquires 354,979 Shares of Everi Holdings Inc. (NYSE:EVRI)

Squarepoint Ops LLC lifted its holdings in shares of Everi Holdings Inc. (NYSE:EVRI) by 569.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 417,266 shares of the credit services provider’s stock after buying an additional 354,979 shares during the quarter. Squarepoint Ops LLC’s holdings in Everi were worth $3,505,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares during the period. CWM LLC grew its holdings in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Everi in the second quarter worth $104,000. Meeder Asset Management Inc. bought a new stake in Everi during the 2nd quarter valued at $118,000. Finally, EntryPoint Capital LLC boosted its position in Everi by 30.9% during the 1st quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider’s stock valued at $136,000 after buying an additional 3,200 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $14.25 price objective (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. B. Riley lifted their price objective on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. StockNews.com started coverage on Everi in a report on Tuesday. They set a “hold” rating for the company. Finally, Raymond James reiterated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.50.

Everi Stock Performance

EVRI opened at $13.15 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.35. The stock has a market cap of $1.11 billion, a PE ratio of 20.22 and a beta of 2.15. The business has a 50 day moving average of $12.78 and a 200-day moving average of $9.92.

Everi (NYSE:EVRI) last announced its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $191.19 million for the quarter, compared to analysts’ expectations of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. Equities research analysts predict that Everi Holdings Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares in the company, valued at approximately $2,494,567.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark F. Labay sold 10,645 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 value of $137,852.75. Following the transaction, the chief financial officer now owns 192,426 shares of the company’s stock, valued at approximately $2,491,916.70. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock valued at $1,713,281 over the last quarter. Corporate insiders own 6.40% of the company’s stock.

Everi 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.