Everi (NYSE:EVRI) Given New $24.00 Price Target at Stifel Nicolaus

Everi (NYSE:EVRI – Get Rating) had its price objective lowered by Stifel Nicolaus from $30.00 to $24.00 in a research report sent to investors on Monday morning, The Fly reports.

A number of other brokerages also recently weighed in on EVRI. Roth Capital started coverage on shares of Everi in a report on Tuesday, April 5th. They issued a buy rating on the stock. StockNews.com downgraded shares of Everi from a strong-buy rating to a buy rating in a report on Thursday, May 19th. B. Riley dropped their price objective on shares of Everi from $36.00 to $35.00 and set a buy rating on the stock in a report on Tuesday, June 28th. Finally, Truist Financial dropped their price objective on shares of Everi from $32.00 to $30.00 and set a buy rating on the stock in a report on Wednesday, July 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $28.75.

Everi Stock Performance

NYSE:EVRI opened at $19.75 on Monday. The company has a debt-to-equity ratio of 4.60, a quick ratio of 1.16 and a current ratio of 1.27. The company has a 50 day simple moving average of $17.49 and a two-hundred day simple moving average of $19.10. Everi has a fifty-two week low of $15.05 and a fifty-two week high of $26.61. The company has a market capitalization of $1.82 billion, a PE ratio of 12.19 and a beta of 2.50.

Everi (NYSE:EVRI – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $175.60 million for the quarter, compared to the consensus estimate of $169.38 million. Everi had a net margin of 23.52% and a return on equity of 98.81%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Research analysts anticipate that Everi will post 1.31 earnings per share for the current year.

Insider Activity

In other news, Director Geoffrey P. Judge sold 3,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $19.00, for a total transaction of $57,000.00. Following the sale, the director now directly owns 51,572 shares in the company, valued at $979,868. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Geoffrey P. Judge sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total value of $25,632.00. Following the transaction, the director now directly owns 51,572 shares in the company, valued at $928,296. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $19.00, for a total transaction of $57,000.00. Following the completion of the transaction, the director now owns 51,572 shares in the company, valued at $979,868. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LVW Advisors LLC increased its position in shares of Everi by 4.2% in the first quarter. LVW Advisors LLC now owns 15,744 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 628 shares during the last quarter. M&T Bank Corp increased its position in shares of Everi by 7.2% in the first quarter. M&T Bank Corp now owns 10,654 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 713 shares during the last quarter. Jackson Creek Investment Advisors LLC increased its position in shares of Everi by 2.1% in the first quarter. Jackson Creek Investment Advisors LLC now owns 42,529 shares of the credit services provider’s stock worth $893,000 after purchasing an additional 886 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Everi by 3.4% in the second quarter. Nisa Investment Advisors LLC now owns 33,570 shares of the credit services provider’s stock worth $548,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Everi by 15.9% in the first quarter. Thompson Siegel & Walmsley LLC now owns 8,142 shares of the credit services provider’s stock worth $171,000 after buying an additional 1,118 shares in the last quarter. 88.40% of the stock is currently owned by institutional investors.

About Everi

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.