Everi Holdings Inc. (NYSE:EVRI) Receives $13.50 Average PT from Analysts

Shares of Everi Holdings Inc. (NYSE:EVRI) have earned an average rating of “Hold” from the five analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.50.

Several research analysts recently commented on the stock. Raymond James reiterated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. StockNews.com assumed coverage on shares of Everi in a research note on Wednesday, October 9th. They set a “hold” rating for the company. Stifel Nicolaus reiterated a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. B. Riley upped 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. Finally, Truist Financial cut their price target on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th.

Everi Trading Up 0.3 %

NYSE:EVRI opened at $13.25 on Friday. Everi has a one year low of $6.37 and a one year high of $13.25. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The firm has a market cap of $1.11 billion, a P/E ratio of 20.38 and a beta of 2.15. The firm has a 50-day simple moving average of $13.07 and a 200-day simple moving average of $10.19.

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

Insiders Place Their Bets

In other Everi news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the completion of the transaction, the executive vice president now directly owns 68,477 shares in the company, valued at approximately $886,777.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP David Lucchese sold 4,124 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the sale, the executive vice president now directly owns 588,404 shares in the company, valued at approximately $7,643,367.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at approximately $886,777.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,417 shares of company stock worth $1,713,281. Company insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Everi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares during the period. CWM LLC boosted its stake in Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares during the period. Quarry LP boosted its stake in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after buying an additional 2,864 shares during the period. Magnetar Financial LLC purchased a new position in Everi during the second quarter worth about $104,000. Finally, EntryPoint Capital LLC boosted its stake in Everi by 30.9% during the first quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider’s stock worth $136,000 after buying an additional 3,200 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

About Everi

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.