Everi (NYSE:EVRI) Hits New 12-Month Low at $7.27

Everi Holdings Inc. (NYSE:EVRIGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.27 and last traded at $7.27, with a volume of 399341 shares trading hands. The stock had previously closed at $7.43.

Analysts Set New Price Targets

EVRI has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on Everi from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial dropped their price target on Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. B. Riley started coverage on Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $13.00 price target (down from $18.00) on shares of Everi in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.60.

View Our Latest Analysis on EVRI

Everi Trading Down 0.1 %

The firm has a market capitalization of $559.97 million, a P/E ratio of 10.27 and a beta of 2.09. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05. The firm has a 50 day moving average price of $8.66 and a two-hundred day moving average price of $10.02.

Everi (NYSE:EVRIGet Free Report) last issued its earnings results on Wednesday, May 8th. The credit services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.12). The business had revenue of $189.30 million during the quarter, compared to analyst estimates of $188.82 million. Everi had a return on equity of 30.41% and a net margin of 7.59%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. On average, equities research analysts expect that Everi Holdings Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Michael D. Rumbolz sold 5,040 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total transaction of $38,304.00. Following the completion of the sale, the chairman now directly owns 1,082,062 shares in the company, valued at $8,223,671.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Everi news, EVP Darren Simmons sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $8.07, for a total transaction of $363,150.00. Following the transaction, the executive vice president now directly owns 152,550 shares in the company, valued at $1,231,078.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Michael D. Rumbolz sold 5,040 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $7.60, for a total value of $38,304.00. Following the transaction, the chairman now owns 1,082,062 shares in the company, valued at $8,223,671.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,043 shares of company stock worth $1,073,022. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new stake in Everi during the fourth quarter worth about $52,000. Principal Financial Group Inc. acquired a new position in shares of Everi in the 3rd quarter worth approximately $136,000. LSV Asset Management bought a new position in Everi in the 4th quarter worth approximately $121,000. AXQ Capital LP bought a new position in Everi in the 3rd quarter worth approximately $142,000. Finally, Oak Thistle LLC bought a new stake in shares of Everi during the 4th quarter valued at $124,000. 95.47% of the stock is currently owned by institutional investors.

About Everi

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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.

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