Everi Holdings Inc. (NYSE: EVRI) Given the average recommendation of “Buy” by analysts
Everi Holdings Inc. (NYSE: EVRI) has obtained a consensus “Buy” recommendation from the ten rating companies currently hedging the stock, Marketbeat reports. One investment analyst rated the stock with a hold recommendation, six gave the company a buy recommendation, and one gave the company a strong buy recommendation. The year-over-year average price target among analysts who updated their stock coverage in the past year is $ 25.88.
EVRI has been the subject of several analyst reports. Jefferies Financial Group assumed cover of Everi in a report released on Tuesday, July 6. They set a “buy” rating and a target price of $ 30.00 on the stock. B. Riley increased his target price on Everi shares from $ 38.00 to $ 39.00 and gave the company a “buy” rating in a research report on Thursday, August 5. BTIG Research raised its price target on Everi shares from $ 25.00 to $ 30.00 and gave the stock a “buy” rating in a report released on Friday, July 9. Zacks investment research reduced Everi’s stock from a “buy” note to a “keep” note in a research note on Monday, August 23. Finally, TheStreet changed Everi from a “d +” note to a “c +” note in a Tuesday May 25th research note.
Actions of Action Everi open for $ 21.95 Thursday. The company has a quick ratio of 1.49, a current ratio of 1.59, and a debt ratio of 19.65. The stock has a market cap of $ 1.98 billion, a price-to-earnings ratio of 38.51 and a beta of 2.99. Everi has a twelve month low of $ 7.67 and a twelve month high of $ 25.90. The company has a 50-day simple moving average of $ 22.55 and a 200-day simple moving average of $ 19.68.
Everi (NYSE: EVRI) last released its quarterly results on Wednesday, August 4. The credit services provider reported earnings per share of $ 0.36 for the quarter, beating analysts’ consensus estimates of $ 0.32 per $ 0.04. The company posted revenue of $ 172.58 million in the quarter, compared to a consensus estimate of $ 168.86 million. Everi had a net margin of 10.49% and a return on equity of 440.82%. On average, sell-side analysts expect Everi to post 1 earnings per share for the current fiscal year.
In other Everi news, COO Randy L. Taylor sold 49,859 shares of the company in a trade that took place on Thursday, July 1. The shares were sold at an average price of $ 25.56, for a total transaction of $ 1,274,396.04. Following the sale, the COO now directly owns 249,355 shares of the company, valued at approximately $ 6,373,513.80. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, Executive Vice President Darren Simmons sold 15,253 Everi shares in a trade on Friday, July 9. The stock was sold for an average price of $ 23.97, for a total trade of $ 365,614.41. As a result of the transaction, the Executive Vice President now owns 62,956 shares of the company, valued at approximately $ 1,509,055.32. Disclosure of this sale can be found here. Insiders sold 199,112 shares of the company valued at $ 4,753,970 during the last quarter. Company insiders own 5.80% of the company’s shares.
A number of institutional investors and hedge funds have recently changed their holdings in EVRI. BlackRock Inc. increased its stake in Everi by 6.5% in the first quarter. BlackRock Inc. now owns 6,406,299 shares of the credit service provider valued at $ 90,393,000 after purchasing an additional 389,971 shares during the period. Vanguard Group Inc. increased its stake in Everi shares by 18.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,284,783 shares of the credit service provider valued at $ 131,802,000 after acquiring an additional 813,404 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Everi shares by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 4,354,763 shares of the credit service provider valued at $ 108,608,000 after acquiring an additional 157,580 shares during the period. Invesco Ltd. increased its stake in Everi by 586.4% during the second quarter. Invesco Ltd. now owns 2,703,211 shares of the credit service provider valued at $ 67,418,000 after acquiring an additional 2,309,363 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Everi by 5.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,902,887 shares of the credit service provider valued at $ 26,850,000 after purchasing an additional 95,876 shares in the last quarter. 88.37% of the shares are currently held by institutional investors and hedge funds.
Everi Company Profile
Everi Holdings, Inc is committed to providing technology solutions to the casino, interactive gaming and gaming industry. It operates through the following segments: Games and FinTech. The Games segment is focused on rental gaming equipment, the sale of gaming equipment, gaming systems, interactive solutions and ancillary products and services.
Further Reading: S & P / ASX 200 Index
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Everi now?
Before you consider Everi, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and Everi was not on the list.
While Everi currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here