StockNews.com assumed coverage on shares of Everi (NYSE:EVRI – Free Report) in a research report released on Friday morning. The brokerage issued a hold rating on the credit services provider’s stock.
Several other equities research analysts also recently commented on the stock. Raymond James reiterated a market perform rating on shares of Everi in a research report on Monday, July 29th. Stifel Nicolaus restated a hold rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. B. Riley boosted their target price on Everi from $11.00 to $14.25 and gave the stock a neutral rating in a research report on Monday, August 5th. Finally, Truist Financial decreased their target price on shares of Everi from $11.00 to $10.00 and set a hold rating on the stock in a research report on Thursday, July 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $13.50.
Check Out Our Latest Stock Report on Everi
Everi Price Performance
Shares of EVRI traded up $0.02 during mid-day trading on Friday, reaching $13.05. The company had a trading volume of 907,821 shares, compared to its average volume of 1,624,509. The company’s 50-day moving average is $10.82 and its 200-day moving average is $9.53. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.05 and a quick ratio of 0.96. The company has a market capitalization of $1.10 billion, a P/E ratio of 20.08 and a beta of 2.19. Everi has a twelve month low of $6.37 and a twelve month high of $15.13.
Everi (NYSE:EVRI – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $191.19 million during the quarter, compared to the consensus estimate of $190.00 million. Everi had a return on equity of 30.41% and a net margin of 7.59%. On average, equities analysts anticipate that Everi will post 0.64 EPS for the current year.
Insider Buying and Selling at Everi
In related news, EVP David Lucchese sold 4,124 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the sale, the executive vice president now owns 588,404 shares in the company, valued at $7,643,367.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP David Lucchese sold 4,124 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value of $53,570.76. Following the sale, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at approximately $7,643,367.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $137,852.75. Following the sale, the chief financial officer now owns 192,426 shares of the company’s stock, valued at $2,491,916.70. The disclosure for this sale can be found here. Insiders have sold 56,417 shares of company stock valued at $730,781 over the last 90 days. 6.40% of the stock is owned by insiders.
Institutional Investors Weigh In On Everi
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Everi by 117.5% in 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 in the last quarter. Oxford Financial Group LTD. LLC lifted its stake in Everi by 4.3% in the 1st quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock worth $487,000 after acquiring an additional 2,000 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Everi by 4.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after buying an additional 2,347 shares during the period. Quarry LP grew 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 valued at $86,000 after buying an additional 2,864 shares in the last quarter. Finally, Signaturefd LLC increased its position in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.
About Everi
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.
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