Everi’s (EVRI) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Everi (NYSE:EVRI) in a research note released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a $14.25 price target on the credit services provider’s stock, up from their prior price target of $11.00.

Several other research firms have also recently commented on EVRI. Raymond James reissued a market perform rating on shares of Everi in a research note on Monday, July 29th. Truist Financial lowered their price objective on shares of Everi from $11.00 to $10.00 and set a hold rating on the stock in a research note on Thursday, July 18th. Finally, B. Riley began coverage on shares of Everi in a research note on Friday, April 5th. They issued a neutral rating and a $12.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $13.05.

Everi Trading Up 0.4 %

Everi stock opened at $12.98 on Wednesday. The firm’s 50-day moving average is $8.68 and its 200-day moving average is $9.20. 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 has a 1 year low of $6.37 and a 1 year high of $15.13. The company has a market cap of $1.09 billion, a P/E ratio of 19.97 and a beta of 2.19.

Everi (NYSE:EVRI) last posted its quarterly 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 business had revenue of $189.30 million during the quarter, compared to the consensus estimate of $188.82 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities analysts expect that Everi will post 0.64 earnings per share for the current year.

Insider Transactions at Everi

In other news, CFO Mark F. Labay sold 5,120 shares of Everi stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $7.68, for a total value of $39,321.60. Following the transaction, the chief financial officer now directly owns 159,660 shares of the company’s stock, valued at $1,226,188.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Everi news, Chairman Michael D. Rumbolz sold 5,040 shares of Everi stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $7.60, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark F. Labay sold 5,120 shares of Everi stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $7.68, for a total transaction of $39,321.60. Following the completion of the transaction, the chief financial officer now directly owns 159,660 shares in the company, valued at approximately $1,226,188.80. The disclosure for this sale can be found here. Insiders have sold a total of 45,043 shares of company stock valued at $344,022 over the last ninety days. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of institutional investors have recently modified their holdings of EVRI. Signaturefd LLC raised its position in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 3,060 shares during the period. CWM LLC increased its position in Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 1,897 shares during the period. Wolverine Asset Management LLC bought a new position in Everi during the fourth quarter worth $52,000. LSV Asset Management bought a new position in Everi during the fourth quarter worth $121,000. Finally, Oak Thistle LLC bought a new stake in Everi in the 4th quarter valued at $124,000. 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.