Analysts Set Everi Holdings Inc. (NYSE:EVRI) Target Price at $13.50

Everi Holdings Inc. (NYSE:EVRI) has been assigned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have covered the stock in the last year is $12.88.

A number of equities research analysts have issued reports on EVRI shares. Truist Financial cut their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. Stifel Nicolaus reiterated a “hold” rating and set a $14.25 price objective (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. B. Riley lifted their price objective on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Raymond James reaffirmed a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Finally, StockNews.com initiated coverage on Everi in a report on Saturday, November 2nd. They set a “hold” rating for the company.

Everi Stock Down 0.3 %

Shares of Everi stock opened at $13.33 on Wednesday. Everi has a 1 year low of $6.37 and a 1 year high of $13.45. The company has a market cap of $1.15 billion, a P/E ratio of 28.36 and a beta of 2.13. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. The stock has a 50-day moving average price of $13.21 and a 200 day moving average price of $10.70.

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

Insiders Place Their Bets

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Everi news, EVP David Lucchese sold 4,124 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the sale, the executive vice president now owns 588,404 shares of the company’s stock, valued at $7,643,367.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,524 shares of company stock valued at $1,041,267 over the last three months. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRI. Janney Montgomery Scott LLC boosted its stake in Everi by 44.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider’s stock valued at $483,000 after purchasing an additional 14,783 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Everi in the first quarter worth $1,168,000. Sei Investments Co. increased its position in Everi by 13.7% during the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after acquiring an additional 66,033 shares during the period. Vanguard Group Inc. raised its stake in Everi by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after purchasing an additional 236,652 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Everi by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock valued at $15,106,000 after purchasing an additional 31,684 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.