Everi (NYSE:EVRI) Reaches New 1-Year Low at $8.67

Shares of Everi Holdings Inc. (NYSE:EVRI) hit a new 52-week low on Wednesday . The company traded as low as $8.67 and last traded at $8.75, with a volume of 488646 shares changing hands. The stock had previously closed at $8.89.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $13.00 price objective (down previously from $18.00) on shares of Everi in a research note on Friday, March 1st. StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. B. Riley assumed coverage on shares of Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target for the company. Finally, Truist Financial restated a “hold” rating and set a $13.00 price objective (down previously from $14.00) on shares of Everi in a report on Friday, March 1st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.60.

Everi Stock Down 0.9 %

The company has a market cap of $738.10 million, a price-to-earnings ratio of 9.88 and a beta of 2.05. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The business has a fifty day moving average price of $9.97 and a two-hundred day moving average price of $10.70.

Everi (NYSE:EVRI) last released its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm had revenue of $192.00 million during the quarter, compared to analyst estimates of $200.99 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict that Everi Holdings Inc. will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in Everi by 60.9% in the first quarter. HighTower Advisors LLC now owns 16,791 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 6,356 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Everi by 34.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,967 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 2,563 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Everi by 52.4% during the 1st quarter. MetLife Investment Management LLC now owns 47,250 shares of the credit services provider’s stock worth $992,000 after purchasing an additional 16,245 shares in the last quarter. Sei Investments Co. raised its stake in Everi by 6.6% in the 1st quarter. Sei Investments Co. now owns 35,909 shares of the credit services provider’s stock valued at $739,000 after acquiring an additional 2,222 shares during the period. Finally, Federated Hermes Inc. raised its stake in Everi by 11.4% in the 1st quarter. Federated Hermes Inc. now owns 508,662 shares of the credit services provider’s stock valued at $10,682,000 after acquiring an additional 51,897 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.