Everi Holdings Inc. (NYSE:EVRI) Sees Significant Decrease in Short Interest

Everi Holdings Inc. (NYSE:EVRIGet Free Report) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 3,080,000 shares, a drop of 7.5% from the May 15th total of 3,330,000 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial dropped their price objective on Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 target price (down from $18.00) on shares of Everi in a research note on Friday, March 1st. B. Riley initiated coverage on shares of Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of Everi from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.60.

View Our Latest Analysis on Everi

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 30,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $748,143.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Darren Simmons sold 45,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the sale, the executive vice president now owns 152,550 shares of the company’s stock, valued at $1,231,078.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 30,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total transaction of $245,100.00. Following the transaction, the director now owns 91,572 shares of the company’s stock, valued at approximately $748,143.24. The disclosure for this sale can be found here. Insiders have sold a total of 135,043 shares of company stock valued at $1,073,022 over the last three months. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

Institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its stake in shares of Everi by 2.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 49,848 shares of the credit services provider’s stock worth $562,000 after purchasing an additional 998 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in shares of Everi by 12.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock valued at $152,000 after acquiring an additional 1,256 shares during the period. Oxford Financial Group LTD. LLC grew its stake in shares of Everi by 4.3% in the first quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock valued at $487,000 after acquiring an additional 2,000 shares in the last quarter. Kestra Advisory Services LLC increased its position in Everi by 5.4% during the third quarter. Kestra Advisory Services LLC now owns 47,252 shares of the credit services provider’s stock worth $625,000 after acquiring an additional 2,425 shares during the period. Finally, Swiss National Bank boosted its holdings in Everi by 1.4% in the 3rd quarter. Swiss National Bank now owns 195,800 shares of the credit services provider’s stock valued at $2,588,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 95.47% of the company’s stock.

Everi Stock Performance

EVRI traded down $0.03 during trading hours on Wednesday, reaching $7.99. The company’s stock had a trading volume of 986,517 shares, compared to its average volume of 1,748,449. Everi has a 52 week low of $6.37 and a 52 week high of $15.25. The firm has a market cap of $671.80 million, a PE ratio of 12.30 and a beta of 2.15. The company’s 50-day moving average is $7.95 and its 200-day moving average is $9.55. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05.

Everi (NYSE:EVRIGet Free Report) last posted its earnings results on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). Everi had a return on equity of 30.41% and a net margin of 7.59%. The company had revenue of $189.30 million for the quarter, compared to analyst estimates of $188.82 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities analysts forecast that Everi will post 0.72 EPS for the current year.

Everi Company Profile

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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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