Everi Holdings Inc. (NYSE:EVRI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Everi Holdings Inc. (NYSE:EVRI) has been given a consensus recommendation of “Moderate Buy” by the four analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.20.

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

Everi Trading Up 0.3 %

NYSE:EVRI opened at $8.38 on Friday. The company has a 50-day moving average price of $9.68 and a 200-day moving average price of $10.53. Everi has a 12 month low of $8.21 and a 12 month high of $17.85. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The stock has a market cap of $701.66 million, a price-to-earnings ratio of 9.31 and a beta of 2.05.

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

Institutional Trading of Everi

Large investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC bought a new stake in Everi during the third quarter valued at approximately $646,000. SG Americas Securities LLC bought a new stake in Everi during the third quarter valued at approximately $286,000. Exchange Traded Concepts LLC grew its position in Everi by 280.4% during the third quarter. Exchange Traded Concepts LLC now owns 31,541 shares of the credit services provider’s stock valued at $417,000 after buying an additional 23,249 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Everi during the third quarter valued at approximately $126,000. Finally, Bank of New York Mellon Corp grew its position in Everi by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 542,725 shares of the credit services provider’s stock valued at $7,175,000 after buying an additional 2,472 shares during the period. 95.47% of the stock is currently owned by institutional investors.

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.