Everi Holdings (NYSE:EVRI) was the target of some unusual options trading activity on Monday. Stock investors purchased 1,012 put options on the company. This is an increase of approximately 1,433% compared to the average volume of 66 put options.
EVRI has been the topic of several research analyst reports. ValuEngine raised shares of Everi from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Jefferies Group initiated coverage on shares of Everi in a report on Tuesday, February 20th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, Telsey Advisory Group initiated coverage on shares of Everi in a report on Tuesday, March 13th. They issued an “outperform” rating and a $10.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Everi currently has a consensus rating of “Buy” and a consensus target price of $10.67.
In other Everi news, Director E Miles Kilburn sold 150,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total transaction of $1,200,000.00. Following the sale, the director now owns 182,186 shares of the company’s stock, valued at approximately $1,457,488. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Rumbolz sold 33,366 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total transaction of $266,928.00. Following the completion of the transaction, the insider now directly owns 110,302 shares in the company, valued at approximately $882,416. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.
A number of large investors have recently made changes to their positions in EVRI. Stone Ridge Asset Management LLC purchased a new position in Everi in the fourth quarter worth $120,000. Ladenburg Thalmann Financial Services Inc. grew its position in Everi by 740.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock worth $127,000 after acquiring an additional 14,800 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Everi in the fourth quarter worth $177,000. Capital Fund Management S.A. purchased a new position in Everi in the fourth quarter worth $190,000. Finally, MetLife Investment Advisors LLC purchased a new position in Everi in the fourth quarter worth $238,000. Institutional investors own 91.74% of the company’s stock.
Shares of NYSE:EVRI opened at $6.31 on Tuesday. Everi has a 52-week low of $5.50 and a 52-week high of $8.99. The firm has a market capitalization of $423.74, a P/E ratio of -20.35 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of -8.25.
Everi (NYSE:EVRI) last announced its earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The company had revenue of $247.86 million for the quarter, compared to the consensus estimate of $231.70 million. sell-side analysts predict that Everi will post -0.09 EPS for the current year.
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Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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