Everi Holdings Inc. (NYSE:EVRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Everi Holdings Inc. (NYSE:EVRI) have earned an average rating of “Moderate Buy” from the four brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.20.

EVRI has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of Everi from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday. B. Riley initiated coverage on shares of Everi in a report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target for the company. Jefferies Financial Group restated a “hold” rating and set a $13.00 price target (down previously from $18.00) on shares of Everi in a report on Friday, March 1st. Finally, StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC purchased a new position in Everi in the 4th quarter valued at approximately $52,000. Counterpoint Mutual Funds LLC purchased a new position in Everi in the 3rd quarter valued at approximately $126,000. Principal Financial Group Inc. purchased a new position in Everi in the 3rd quarter valued at approximately $136,000. LSV Asset Management purchased a new position in Everi in the 4th quarter valued at approximately $121,000. Finally, AXQ Capital LP purchased a new position in Everi in the 3rd quarter valued at approximately $142,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Stock Up 0.3 %

EVRI stock opened at $8.38 on Friday. The company has a market cap of $701.66 million, a price-to-earnings ratio of 9.31 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. Everi has a 12 month low of $8.21 and a 12 month high of $17.85. The firm has a 50-day moving average of $9.68 and a two-hundred day moving average of $10.53.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). The firm had revenue of $192.00 million for the quarter, compared to analyst estimates of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. As a group, analysts forecast that Everi will post 0.96 earnings per share 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.