MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Lowers Position in Everi Holdings Inc. (NYSE:EVRI)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lessened its position in Everi Holdings Inc. (NYSE:EVRIGet Rating) by 22.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 374,474 shares of the credit services provider’s stock after selling 107,450 shares during the quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned approximately 0.41% of Everi worth $7,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EVRI. Allspring Global Investments Holdings LLC purchased a new position in shares of Everi in the fourth quarter worth $1,159,000. D.A. Davidson & CO. raised its stake in shares of Everi by 7.5% in the fourth quarter. D.A. Davidson & CO. now owns 65,649 shares of the credit services provider’s stock worth $1,402,000 after purchasing an additional 4,596 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Everi in the fourth quarter worth $1,100,000. Assenagon Asset Management S.A. purchased a new position in shares of Everi in the fourth quarter worth $2,378,000. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Everi in the fourth quarter worth $351,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRI has been the subject of several research analyst reports. Truist Financial cut their price objective on Everi from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. B. Riley cut their price target on Everi from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, June 28th. Stifel Nicolaus cut their price target on Everi from $30.00 to $24.00 in a report on Monday, August 1st. Raymond James boosted their price target on Everi from $23.00 to $26.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $28.75.

Everi Price Performance

EVRI traded up $0.28 during trading on Friday, reaching $20.03. The company’s stock had a trading volume of 484,622 shares, compared to its average volume of 564,838. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 12.60 and a beta of 2.50. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 4.81. The firm has a fifty day simple moving average of $17.53 and a two-hundred day simple moving average of $19.11. Everi Holdings Inc. has a 1 year low of $15.05 and a 1 year high of $26.61.

Everi (NYSE:EVRIGet Rating) last issued its earnings results on Tuesday, May 10th. The credit services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $175.60 million during the quarter, compared to the consensus estimate of $169.38 million. Everi had a net margin of 21.84% and a return on equity of 73.32%. The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. As a group, analysts anticipate that Everi Holdings Inc. will post 1.31 EPS for the current year.

Insiders Place Their Bets

In related news, Director Geoffrey P. Judge sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total transaction of $25,632.00. Following the sale, the director now owns 51,572 shares in the company, valued at $928,296. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Geoffrey P. Judge sold 1,424 shares of the firm’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total transaction of $25,632.00. Following the completion of the sale, the director now directly owns 51,572 shares of the company’s stock, valued at approximately $928,296. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Geoffrey P. Judge sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $20.00, for a total transaction of $60,000.00. Following the sale, the director now directly owns 51,572 shares of the company’s stock, valued at $1,031,440. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,424 shares of company stock worth $142,632. 4.60% of the stock is owned by company insiders.

Everi Profile

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

Further Reading

Institutional Ownership by Quarter for Everi (NYSE:EVRI)

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