Everi Holdings (NYSE:EVRI) has earned a consensus rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.67.
Several research firms have issued reports on EVRI. Jefferies Group began coverage on shares of Everi in a report on Tuesday, February 20th. They set a “buy” rating and a $11.00 price objective on the stock. Telsey Advisory Group began coverage on shares of Everi in a report on Tuesday, March 13th. They set an “outperform” rating and a $10.00 price objective on the stock. Finally, ValuEngine raised shares of Everi from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.
In other news, insider Michael D. Rumbolz sold 33,366 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total value of $266,928.00. Following the completion of the sale, the insider now directly owns 110,302 shares in the company, valued at $882,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Rumbolz sold 9,134 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $8.00, for a total transaction of $73,072.00. Following the completion of the sale, the insider now owns 113,977 shares of the company’s stock, valued at $911,816. The disclosure for this sale can be found here. Insiders sold 192,500 shares of company stock valued at $1,540,000 over the last quarter. Company insiders own 4.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in EVRI. Stone Ridge Asset Management LLC acquired a new stake in shares of Everi during the fourth quarter valued at about $120,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Everi by 740.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 14,800 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Everi during the fourth quarter valued at about $177,000. Capital Fund Management S.A. acquired a new stake in shares of Everi during the fourth quarter valued at about $190,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Everi during the fourth quarter valued at about $238,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.
NYSE EVRI traded up $0.02 during mid-day trading on Wednesday, reaching $6.31. 232,511 shares of the stock were exchanged, compared to its average volume of 698,933. Everi has a 1 year low of $5.50 and a 1 year high of $8.99. The company has a market capitalization of $423.74, a PE ratio of -20.29 and a beta of 1.14. The company has a debt-to-equity ratio of -8.25, a quick ratio of 0.92 and a current ratio of 0.97.
Everi (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). The company had revenue of $247.86 million for the quarter, compared to analysts’ expectations of $231.70 million. equities analysts expect that Everi will post -0.09 EPS for the current year.
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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