Darren Simmons Sells 75,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons sold 75,000 shares of Everi 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 directly owns 190,425 shares in the company, valued at $2,494,567.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Everi Stock Up 0.0 %

Shares of EVRI opened at $13.12 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. Everi Holdings Inc. has a 52-week low of $6.37 and a 52-week high of $15.13. The company has a market cap of $1.12 billion, a PE ratio of 20.18 and a beta of 2.15. The business has a fifty day moving average of $11.51 and a 200 day moving average of $9.61.

Everi (NYSE:EVRI) last released its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. On average, sell-side analysts expect that Everi Holdings Inc. will post 0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $14.25 price target (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Raymond James reissued a “market perform” rating on shares of Everi in a report on Monday, July 29th. StockNews.com started coverage on shares of Everi in a research note on Saturday, September 7th. They set a “hold” rating on the stock. Truist Financial lowered their price objective 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. Finally, B. Riley boosted their target price on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EVRI. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 236,652 shares during the period. Private Capital Management LLC boosted its stake in shares of Everi by 19.8% during the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after purchasing an additional 461,939 shares during the period. Clearbridge Investments LLC grew 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 last quarter. Goldman Sachs Group Inc. increased its stake in Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after buying an additional 745,022 shares during the period. Finally, Silvercrest Asset Management Group LLC lifted its holdings in Everi by 2.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock valued at $14,320,000 after buying an additional 30,780 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

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.