Everi (NYSE:EVRI) Reaches New 12-Month Low at $6.57

Everi Holdings Inc. (NYSE:EVRIGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.57 and last traded at $6.64, with a volume of 94904 shares traded. The stock had previously closed at $6.70.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. B. Riley assumed coverage on shares of Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 target price for the company. StockNews.com lowered shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial decreased their price objective on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Stifel Nicolaus decreased their price objective on shares of Everi from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $13.00 price objective (down previously from $18.00) on shares of Everi in a report on Friday, March 1st. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.60.

Read Our Latest Stock Analysis on EVRI

Everi Stock Down 1.8 %

The firm has a market capitalization of $553.25 million, a price-to-earnings ratio of 10.31 and a beta of 2.09. The business’s 50-day moving average is $8.51 and its two-hundred day moving average is $9.90. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05.

Everi (NYSE:EVRIGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.12). Everi had a net margin of 7.59% and a return on equity of 30.41%. The company had revenue of $189.30 million during the quarter, compared to analyst estimates of $188.82 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Everi’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Everi Holdings Inc. will post 0.72 earnings per share for the current year.

Insider Activity at Everi

In related news, CFO Mark F. Labay sold 5,120 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $7.68, for a total transaction of $39,321.60. Following the completion of the sale, the chief financial officer now owns 159,660 shares of the company’s stock, valued at $1,226,188.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark F. Labay sold 5,120 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $7.68, for a total value of $39,321.60. Following the completion of the transaction, the chief financial officer now owns 159,660 shares of the company’s stock, valued at $1,226,188.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00. Following the completion of the transaction, the director now owns 91,572 shares of the company’s stock, valued at approximately $748,143.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,043 shares of company stock worth $1,073,022. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Everi by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after buying an additional 236,652 shares during the period. American Century Companies Inc. grew its position in shares of Everi by 36.4% during the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider’s stock worth $38,294,000 after buying an additional 772,860 shares during the period. Private Capital Management LLC grew its position in shares of Everi by 38.6% during the 4th quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock worth $26,251,000 after buying an additional 648,696 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Everi by 2.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,156,636 shares of the credit services provider’s stock worth $28,511,000 after buying an additional 57,275 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Everi by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after buying an additional 745,022 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Company Profile

(Get Free Report)

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.

Further Reading

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