Everi Holdings Inc (EVRI) Given Average Rating of “Buy” by Analysts

Everi Holdings Inc (NYSE:EVRI) has received an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.33.

A number of analysts have weighed in on the company. BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 target price on shares of Everi in a research note on Wednesday, November 1st.

Shares of Everi (EVRI) traded down $0.05 on Friday, reaching $7.45. The company had a trading volume of 562,700 shares, compared to its average volume of 772,101. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -9.13. Everi has a 12 month low of $2.09 and a 12 month high of $8.99.

Everi (NYSE:EVRI) last released its earnings results on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Everi had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The business had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. During the same quarter last year, the firm posted ($0.12) earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. sell-side analysts anticipate that Everi will post -0.5 earnings per share for the current fiscal year.

In other news, Director Geoffrey P. Judge sold 60,000 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $8.10, for a total transaction of $486,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Juliet Lim sold 110,863 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $8.30, for a total value of $920,162.90. Following the transaction, the executive vice president now owns 43,370 shares in the company, valued at approximately $359,971. The disclosure for this sale can be found here. In the last quarter, insiders sold 344,378 shares of company stock worth $2,846,143. Insiders own 4.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in EVRI. 1st Global Advisors Inc. purchased a new position in shares of Everi during the second quarter valued at $101,000. Alliancebernstein L.P. purchased a new position in shares of Everi during the second quarter valued at $108,000. Bank of America Corp DE increased its stake in shares of Everi by 7,800.0% during the first quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock valued at $112,000 after buying an additional 23,166 shares during the period. Legal & General Group Plc purchased a new position in shares of Everi during the second quarter valued at $121,000. Finally, LMR Partners LLP purchased a new position in shares of Everi during the third quarter valued at $162,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

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Everi Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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