Truist Financial Lowers Everi (NYSE:EVRI) Price Target to $11.00

Everi (NYSE:EVRI) had its price objective decreased by research analysts at Truist Financial from $13.00 to $11.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the credit services provider’s stock. Truist Financial’s price target indicates a potential upside of 28.35% from the stock’s current price.

Several other research analysts have also commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 price objective (down from $18.00) on shares of Everi in a research note on Friday, March 1st. B. Riley started coverage on shares of Everi in a report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Four equities research 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, the stock presently has an average rating of “Hold” and a consensus price target of $15.20.

Everi Stock Performance

EVRI opened at $8.57 on Tuesday. The stock has a market capitalization of $717.99 million, a price-to-earnings ratio of 9.52 and a beta of 2.05. Everi has a fifty-two week low of $8.41 and a fifty-two week high of $17.85. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05. The company has a fifty day moving average of $9.78 and a 200 day moving average of $10.56.

Everi (NYSE:EVRI) last released its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.19). The firm had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. As a group, sell-side analysts forecast that Everi will post 0.97 earnings per share for the current fiscal year.

Institutional Trading of Everi

Hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in shares of Everi in the 4th quarter worth $52,000. LSV Asset Management acquired a new stake in Everi in the fourth quarter worth about $121,000. Oak Thistle LLC purchased a new stake in shares of Everi during the fourth quarter worth about $124,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Everi in the 3rd quarter valued at approximately $126,000. Finally, Principal Financial Group Inc. acquired a new stake in Everi in the 3rd quarter worth approximately $136,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Everi Company Profile

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.