Everi Holdings Inc. (NYSE:EVRI) Short Interest Down 14.1% in March

Everi Holdings Inc. (NYSE:EVRI) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 4,450,000 shares, a decline of 14.1% from the March 15th total of 5,180,000 shares. Currently, 5.5% of the shares of the stock are short sold. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EVRI shares. Truist Financial reiterated a “hold” rating and issued a $13.00 target price (down previously from $14.00) on shares of Everi in a research report on Friday, March 1st. Jefferies Financial Group reissued a “hold” rating and set a $13.00 price target (down from $18.00) on shares of Everi in a research note on Friday, March 1st. B. Riley initiated coverage on Everi in a research note on Friday, April 5th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Everi has a consensus rating of “Hold” and an average target price of $15.60.

Everi Stock Down 2.8 %

Shares of NYSE EVRI traded down $0.26 during midday trading on Tuesday, hitting $8.95. 451,216 shares of the stock traded hands, compared to its average volume of 1,082,160. The company has a market cap of $749.83 million, a PE ratio of 10.02 and a beta of 2.05. Everi has a one year low of $8.74 and a one year high of $17.85. The business has a 50 day moving average price of $10.00 and a two-hundred day moving average price of $10.73. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). Everi had a return on equity of 42.93% and a net margin of 10.40%. The company had revenue of $192.00 million for the quarter, compared to the consensus estimate of $200.99 million. During the same quarter last year, the company posted $0.28 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities analysts predict that Everi will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Everi

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in Everi by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 966,219 shares of the credit services provider’s stock worth $12,773,000 after purchasing an additional 50,147 shares during the last quarter. Clearbridge Investments LLC boosted its position in Everi by 25.8% in the third quarter. Clearbridge Investments LLC now owns 1,464,290 shares of the credit services provider’s stock worth $19,358,000 after purchasing an additional 300,028 shares during the last quarter. Heartland Advisors Inc. boosted its position in Everi by 66.7% in the third quarter. Heartland Advisors Inc. now owns 500,000 shares of the credit services provider’s stock worth $6,610,000 after purchasing an additional 200,000 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Everi by 2.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,156,636 shares of the credit services provider’s stock valued at $28,511,000 after buying an additional 57,275 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Everi by 97.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 801,124 shares of the credit services provider’s stock valued at $10,591,000 after buying an additional 394,614 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.