Brokerages Set Everi Holdings Inc. (NYSE:EVRI) Price Target at $12.40

Everi Holdings Inc. (NYSE:EVRI) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.05.

Several brokerages have recently commented on EVRI. Truist Financial cut their price target on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Raymond James reaffirmed a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st.

Insiders Place Their Bets

In other Everi news, CFO Mark F. Labay sold 5,120 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $7.68, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Everi news, CEO Randy L. Taylor sold 28,713 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $7.65, for a total value of $219,654.45. Following the completion of the sale, the chief executive officer now owns 585,281 shares of the company’s stock, valued at $4,477,399.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark F. Labay sold 5,120 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $7.68, for a total value of $39,321.60. Following the completion of the sale, the chief financial officer now directly owns 159,660 shares of the company’s stock, valued at approximately $1,226,188.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,043 shares of company stock valued at $344,022. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

A number of institutional investors and hedge funds have recently modified their holdings of EVRI. Vanguard Group Inc. lifted its holdings in shares of Everi by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock worth $77,469,000 after purchasing an additional 64,529 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Everi by 94.4% during the fourth quarter. SG Americas Securities LLC now owns 42,046 shares of the credit services provider’s stock worth $474,000 after purchasing an additional 20,412 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Everi by 10.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 469,203 shares of the credit services provider’s stock worth $5,288,000 after purchasing an additional 43,625 shares during the period. Oak Thistle LLC acquired a new stake in shares of Everi during the fourth quarter worth about $124,000. Finally, Equitable Trust Co. lifted its holdings in shares of Everi by 98.7% during the fourth quarter. Equitable Trust Co. now owns 83,464 shares of the credit services provider’s stock worth $941,000 after purchasing an additional 41,450 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Stock Performance

Shares of Everi stock opened at $12.98 on Monday. The stock’s fifty day moving average is $8.68 and its two-hundred day moving average is $9.18. The company has a market capitalization of $1.09 billion, a PE ratio of 19.97 and a beta of 2.19. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 4.18. Everi has a 52 week low of $6.37 and a 52 week high of $15.13.

Everi (NYSE:EVRI) last announced its quarterly earnings results 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). The firm had revenue of $189.30 million for the quarter, compared to analysts’ expectations of $188.82 million. Everi had a net margin of 7.59% and a return on equity of 30.41%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, analysts expect that Everi will post 0.64 earnings per share for the current 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.