Everi Holdings Inc. (NYSE:EVRI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday, July 25th.
Several other research analysts also recently commented on EVRI. Zacks Investment Research downgraded Everi Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Stifel Nicolaus lifted their target price on Everi Holdings from $6.50 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, ValuEngine upgraded Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $6.69.
Shares of Everi Holdings (NYSE EVRI) traded up 1.10% during midday trading on Tuesday, reaching $7.33. The company’s stock had a trading volume of 557,685 shares. The firm’s market cap is $484.49 million. The company has a 50-day moving average price of $7.36 and a 200-day moving average price of $5.46. Everi Holdings has a 12 month low of $1.21 and a 12 month high of $8.24.
Everi Holdings (NYSE:EVRI) last issued its earnings results on Tuesday, May 9th. The credit services provider reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.88%. The company had revenue of $237.50 million during the quarter, compared to the consensus estimate of $235.41 million. During the same period in the previous year, the company posted ($0.20) EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts expect that Everi Holdings will post ($0.30) earnings per share for the current year.
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In other news, Director Eileen F. Raney purchased 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average cost of $6.73 per share, with a total value of $94,220.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at approximately $336,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Alambic Investment Management L.P. boosted its stake in Everi Holdings by 13.8% in the first quarter. Alambic Investment Management L.P. now owns 76,683 shares of the credit services provider’s stock valued at $367,000 after buying an additional 9,300 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Everi Holdings by 9.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 168,564 shares of the credit services provider’s stock valued at $808,000 after buying an additional 14,364 shares during the last quarter. Crescent Grove Advisors LLC purchased a new stake in Everi Holdings during the second quarter valued at $109,000. Legal & General Group Plc purchased a new stake in Everi Holdings during the second quarter valued at $121,000. Finally, Wayne Hummer Investments L.L.C. purchased a new stake in Everi Holdings during the second quarter valued at $124,000. 71.81% of the stock is owned by institutional investors and hedge funds.
Everi Holdings Company Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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