Everi Holdings Inc. (NYSE:EVRI) Receives $13.50 Consensus Target Price from Analysts

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) has been assigned an average rating of "Hold" from the five research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have covered the stock in the last year is $13.50.

Several brokerages have recently issued reports on EVRI. B. Riley boosted their price objective 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. Raymond James reiterated a "market perform" rating on shares of Everi in a report on Monday, July 29th. Stifel Nicolaus reaffirmed a "hold" rating and set a $14.25 price target (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. StockNews.com assumed coverage on Everi in a research report on Saturday. They issued a "hold" rating on the stock. Finally, Truist Financial decreased their target price on Everi from $11.00 to $10.00 and set a "hold" rating for the company in a research report on Thursday, July 18th.

Everi Price Performance

Everi stock traded up $0.01 during midday trading on Wednesday, reaching $13.36. 419,726 shares of the company were exchanged, compared to its average volume of 1,422,038. The firm's 50-day simple moving average is $13.19 and its 200-day simple moving average is $10.63. Everi has a 1 year low of $6.37 and a 1 year high of $13.44. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.43 and a beta of 2.13. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The firm had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. On average, analysts anticipate that Everi will post 0.49 EPS for the current year.

Insider Buying and Selling

In other news, EVP Darren Simmons sold 75,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares of the company's stock, valued at approximately $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Everi news, EVP Darren Simmons sold 75,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of Everi stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $155,736.70. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Vanguard Group Inc. boosted its position in shares of Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider's stock valued at $74,522,000 after purchasing an additional 236,652 shares during the period. Private Capital Management LLC boosted its position in Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider's stock worth $28,051,000 after acquiring an additional 461,939 shares during the period. Clearbridge Investments LLC lifted its position in shares of Everi by 85.3% in the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider's stock worth $23,400,000 after purchasing an additional 1,282,682 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of Everi by 2.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider's stock worth $14,320,000 after purchasing an additional 30,780 shares during the period. Finally, Burgundy Asset Management Ltd. grew its position in Everi by 1,230.8% during the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider's stock valued at $5,745,000 after purchasing an additional 632,544 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Everi Company Profile

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.