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

Everi Holdings Inc. (NYSE:EVRI) has received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is $13.50.

EVRI has been the topic of a number of research analyst reports. StockNews.com initiated coverage on Everi in a research note on Saturday. They issued a “hold” rating on the stock. Raymond James restated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Stifel Nicolaus restated a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Truist Financial cut their target price on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Finally, B. Riley upped their price objective on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th.

Everi Price Performance

EVRI stock opened at $13.35 on Wednesday. The company has a market capitalization of $1.15 billion, a P/E ratio of 28.40 and a beta of 2.13. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. Everi has a 52-week low of $6.37 and a 52-week high of $13.40. The business has a 50-day simple moving average of $13.19 and a two-hundred day simple moving average of $10.63.

Everi (NYSE:EVRI) last announced its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The firm had revenue of $191.19 million for the quarter, compared to the consensus estimate of $190.00 million. Research analysts expect that Everi will post 0.49 EPS for the current fiscal year.

Insider Activity at Everi

In other Everi news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at $886,777.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Everi news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at $886,777.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Randy L. Taylor sold 29,222 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $378,424.90. Following the sale, the chief executive officer now directly owns 794,822 shares in the company, valued at $10,292,944.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,417 shares of company stock worth $1,713,281. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVRI. Clearbridge Investments LLC increased its holdings in shares of Everi by 85.3% in the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Burgundy Asset Management Ltd. increased its holdings in shares of Everi by 1,230.8% in the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock worth $5,745,000 after purchasing an additional 632,544 shares during the period. Long Pond Capital LP bought a new position in shares of Everi in the second quarter worth $4,453,000. Private Capital Management LLC increased its holdings in shares of Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after purchasing an additional 461,939 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in shares of Everi by 569.9% in the second quarter. Squarepoint Ops LLC now owns 417,266 shares of the credit services provider’s stock worth $3,505,000 after purchasing an additional 354,979 shares during the period. Institutional investors own 95.47% of the company’s stock.

About Everi

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.