24,300 Shares in Everi Holdings Inc. (NYSE:EVRI) Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC acquired a new position in Everi Holdings Inc. (NYSE:EVRI – Get Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,300 shares of the credit services provider’s stock, valued at approximately $510,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRI. M&T Bank Corp boosted its stake in shares of Everi by 7.2% during the 1st quarter. M&T Bank Corp now owns 10,654 shares of the credit services provider’s stock valued at $224,000 after buying an additional 713 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Everi by 184.9% during the 1st quarter. Qube Research & Technologies Ltd now owns 146,749 shares of the credit services provider’s stock valued at $3,082,000 after buying an additional 95,244 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Everi by 14.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 38,325 shares of the credit services provider’s stock valued at $805,000 after buying an additional 4,948 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Everi by 1.9% during the 1st quarter. New York State Common Retirement Fund now owns 61,332 shares of the credit services provider’s stock valued at $1,288,000 after buying an additional 1,156 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Everi by 99.0% during the 1st quarter. Russell Investments Group Ltd. now owns 275,674 shares of the credit services provider’s stock valued at $5,786,000 after buying an additional 137,163 shares during the period. Institutional investors and hedge funds own 88.40% of the company’s stock.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 1,424 shares of the business’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 transaction of $25,632.00. Following the completion of the sale, the director now directly owns 51,572 shares of the company’s stock, valued at $928,296. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Geoffrey P. Judge sold 1,424 shares of the business’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 transaction of $25,632.00. Following the completion of the sale, the director now directly owns 51,572 shares of the company’s stock, valued at $928,296. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $20.00, for a total transaction of $60,000.00. Following the sale, the director now directly owns 51,572 shares of the company’s stock, valued at $1,031,440. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,424 shares of company stock worth $142,632. Corporate insiders own 4.60% of the company’s stock.

Everi Price Performance

Shares of EVRI stock opened at $20.03 on Friday. Everi Holdings Inc. has a 1 year low of $15.05 and a 1 year high of $26.61. The firm’s 50 day moving average is $17.53 and its 200-day moving average is $19.11. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 12.60 and a beta of 2.50. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 4.81.

Everi (NYSE:EVRI – Get Rating) last announced its earnings results on Tuesday, May 10th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Everi had a net margin of 21.84% and a return on equity of 73.32%. The company had revenue of $175.60 million for the quarter, compared to analyst estimates of $169.38 million. During the same period in the prior year, the business earned $0.21 earnings per share. Everi’s quarterly revenue was up 26.2% on a year-over-year basis. Sell-side analysts forecast that Everi Holdings Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James lifted their target price on shares of Everi from $23.00 to $26.00 and gave the company a “strong-buy” rating in a research note on Thursday. StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus cut their price target on shares of Everi from $30.00 to $24.00 in a report on Monday, August 1st. Truist Financial cut their price target 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. Finally, B. Riley cut their price target 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. One investment 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 company’s stock. Based on data from MarketBeat.com, Everi currently has an average rating of “Buy” and an average price target of $28.75.

Everi Company Profile

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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.