BidaskClub Downgrades Everi Holdings Inc. (EVRI) to Hold
Everi Holdings Inc. (NYSE:EVRI) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
EVRI has been the subject of several other reports. Zacks Investment Research upgraded Everi Holdings from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research report on Wednesday, May 10th. Stifel Nicolaus restated a “buy” rating and set a $9.00 target price (up from $7.50) on shares of Everi Holdings in a research report on Monday, June 12th. Finally, ValuEngine upgraded Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.69.
Everi Holdings (EVRI) traded up 1.10% during mid-day trading on Wednesday, reaching $7.33. 557,685 shares of the company’s stock were exchanged. The stock’s market cap is $484.49 million. The stock has a 50-day moving average price of $7.36 and a 200-day moving average price of $5.46. Everi Holdings has a 52 week low of $1.21 and a 52 week high of $8.24.
Everi Holdings (NYSE:EVRI) last announced its quarterly earnings data on Tuesday, May 9th. The credit services provider reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. The firm had revenue of $237.50 million during the quarter, compared to analyst estimates of $235.41 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.88%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned ($0.20) earnings per share. On average, analysts forecast that Everi Holdings will post ($0.30) earnings per share for the current year.
In related news, Director Eileen F. Raney bought 14,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $6.73 per share, for a total transaction of $94,220.00. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at $336,500. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Oxford Asset Management raised its position in Everi Holdings by 147.1% in the first quarter. Oxford Asset Management now owns 460,937 shares of the credit services provider’s stock valued at $2,208,000 after buying an additional 274,402 shares during the last quarter. Two Sigma Investments LP bought a new position in Everi Holdings during the fourth quarter valued at about $130,000. Brookfield Asset Management Inc. bought a new position in Everi Holdings during the first quarter valued at about $4,790,000. Two Sigma Securities LLC bought a new position in Everi Holdings during the first quarter valued at about $233,000. Finally, Dimensional Fund Advisors LP raised its position in Everi Holdings by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,234 shares of the credit services provider’s stock valued at $7,086,000 after buying an additional 281,429 shares during the last quarter. Institutional investors own 71.81% of the company’s stock.
About Everi Holdings
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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