Everi Holdings Inc. (NYSE:EVRI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday, July 25th.
Several other research analysts also recently weighed in on EVRI. Zacks Investment Research upgraded Everi Holdings from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Wednesday, May 10th. Stifel Nicolaus boosted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.94.
Everi Holdings (NYSE:EVRI) traded up 0.41% during midday trading on Tuesday, hitting $7.31. The stock had a trading volume of 955,622 shares. Everi Holdings has a 52-week low of $1.21 and a 52-week high of $8.99. The company’s 50 day moving average price is $7.47 and its 200-day moving average price is $5.67. The stock’s market cap is $488.20 million.
Everi Holdings (NYSE:EVRI) last released its quarterly 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. The firm 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%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) EPS. Analysts forecast that Everi Holdings will post ($0.40) EPS for the current fiscal year.
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In other news, Director Eileen F. Raney purchased 14,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average price of $6.73 per share, for a total transaction of $94,220.00. Following the purchase, the director now owns 50,000 shares in the company, valued at $336,500. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. bought a new stake in shares of Everi Holdings during the second quarter worth approximately $108,000. Crescent Grove Advisors LLC acquired a new position in Everi Holdings during the second quarter worth $109,000. Legal & General Group Plc acquired a new position in Everi Holdings during the second quarter worth $121,000. Wayne Hummer Investments L.L.C. acquired a new position in Everi Holdings during the second quarter worth $124,000. Finally, Bank of America Corp DE boosted its position in Everi Holdings by 7,800.0% in the first quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock worth $112,000 after buying an additional 23,166 shares during the last quarter. Hedge funds and other institutional investors own 72.53% of the company’s stock.
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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