Shares of Everi Holdings Inc. (NYSE:EVRI) have earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.00.
Several brokerages have weighed in on EVRI. Stifel Nicolaus increased their price objective on Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research lowered Everi Holdings from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub lowered Everi Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
Everi Holdings (EVRI) traded up 0.41% during mid-day trading on Tuesday, reaching $7.31. The company had a trading volume of 955,622 shares. The stock’s market capitalization is $488.20 million. Everi Holdings has a one year low of $1.21 and a one year high of $8.99. The company’s 50-day moving average is $7.47 and its 200-day moving average is $5.67.
Everi Holdings (NYSE:EVRI) last released its earnings results on Tuesday, May 9th. The credit services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $237.50 million during the quarter, compared to analyst estimates of $235.41 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.95%. Everi Holdings’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) earnings per share. Equities research analysts anticipate that Everi Holdings will post ($0.40) earnings per share for the current year.
In other news, Director Eileen F. Raney acquired 14,000 shares of Everi Holdings stock in a transaction 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 completion of the acquisition, the director now owns 50,000 shares in the company, valued at $336,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Oxford Asset Management raised its position in Everi Holdings by 147.1% in the first quarter. Oxford Asset Management now owns 460,937 shares of the credit services provider’s stock worth $2,208,000 after buying an additional 274,402 shares during the last quarter. Two Sigma Investments LP bought a new position in Everi Holdings during the fourth quarter worth approximately $130,000. Brookfield Asset Management Inc. bought a new position in Everi Holdings during the first quarter worth approximately $4,790,000. Two Sigma Securities LLC bought a new position in Everi Holdings during the first quarter worth approximately $233,000. Finally, Dimensional Fund Advisors LP raised its position in Everi Holdings by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,234 shares of the credit services provider’s stock worth $7,086,000 after buying an additional 281,429 shares during the last quarter. 72.53% of the stock is owned by hedge funds and other institutional investors.
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About Everi Holdings
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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