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

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

EVRI has been the topic of a number of recent analyst reports. StockNews.com started coverage on Everi in a report on Wednesday. They set a "hold" rating on the stock. Stifel Nicolaus reiterated a "hold" rating and issued a $14.25 target price (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. B. Riley boosted their target price on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a report on Monday, August 5th. Raymond James reaffirmed a "market perform" rating on shares of Everi in a research report on Monday, July 29th. Finally, Truist Financial cut their price objective on Everi from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Thursday, July 18th.

Insiders Place Their Bets

In other Everi news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares of the company's stock, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP David Lucchese sold 4,124 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value of $53,570.76. Following the completion of the transaction, the executive vice president now owns 588,404 shares in the company, valued at approximately $7,643,367.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 131,417 shares of company stock worth $1,713,281 in the last ninety days. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 3,060 shares during the period. CWM LLC raised its position in Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock worth $30,000 after buying an additional 1,897 shares during the last quarter. Quarry LP lifted its stake in shares of Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock worth $86,000 after acquiring an additional 2,864 shares during the period. Magnetar Financial LLC acquired a new position in shares of Everi during the second quarter worth about $104,000. Finally, Meeder Asset Management Inc. purchased a new position in Everi during the second quarter worth about $118,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Everi Stock Performance

NYSE:EVRI traded up $0.01 during mid-day trading on Friday, reaching $13.20. The company's stock had a trading volume of 293,840 shares, compared to its average volume of 1,499,678. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. Everi has a 12-month low of $6.37 and a 12-month high of $13.23. The stock has a market cap of $1.11 billion, a P/E ratio of 20.31 and a beta of 2.15. The firm's fifty day moving average price is $13.06 and its two-hundred day moving average price is $10.16.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 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 business had revenue of $191.19 million during the quarter, compared to analysts' expectations of $190.00 million. On average, equities analysts forecast that Everi will post 0.49 EPS for the current fiscal year.

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.