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.

WARNING: This story was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/22/everi-holdings-inc-evri-given-average-rating-of-buy-by-analysts.html.

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.

What are top analysts saying about Everi? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Everi and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit