Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Aug 14th, 2024

Equities research analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI – Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the credit services provider’s stock.

A number of other equities analysts have also commented on EVRI. Truist Financial lowered their price target 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. B. Riley raised their price target on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research 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, 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. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

Check Out Our Latest Stock Analysis on Everi

Everi Stock Performance

NYSE EVRI opened at $12.97 on Wednesday. The firm has a 50-day moving average of $9.52 and a 200-day moving average of $9.29. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05. The stock has a market cap of $1.09 billion, a PE ratio of 19.95 and a beta of 2.19. Everi has a 52-week low of $6.37 and a 52-week high of $15.13.

Everi (NYSE:EVRI – Get Free Report) last posted its 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 net margin of 7.59% and a return on equity of 30.41%. The company had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. On average, sell-side analysts anticipate that Everi will post 0.64 EPS for the current year.

Insider Buying and Selling at Everi

In related news, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $137,852.75. Following the sale, the chief financial officer now directly owns 192,426 shares of the company’s stock, valued at approximately $2,491,916.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $137,852.75. Following the sale, the chief financial officer now directly owns 192,426 shares of the company’s stock, valued at approximately $2,491,916.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randy L. Taylor sold 29,222 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 transaction of $378,424.90. Following the sale, the chief executive officer now owns 794,822 shares in the company, valued at $10,292,944.90. The disclosure for this sale can be found here. Insiders have sold a total of 53,512 shares of company stock valued at $683,865 in the last ninety days. 6.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Everi

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its position in Everi by 13.7% during the 1st quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after buying an additional 66,033 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Everi in the 1st quarter worth approximately $1,168,000. Goldman Sachs Group Inc. lifted its position in shares of Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after purchasing an additional 745,022 shares during the period. Breach Inlet Capital Management LLC acquired a new position in shares of Everi in the 4th quarter worth approximately $6,051,000. Finally, Clearbridge Investments LLC lifted its position in shares of Everi by 0.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,471,387 shares of the credit services provider’s stock worth $16,583,000 after purchasing an additional 7,097 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Company Profile

(Get Free Report)

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.

Analyst Recommendations for Everi (NYSE:EVRI)

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