Brokerages Set Everi Holdings Inc (EVRI) Target Price at $7.33

Shares of Everi Holdings Inc (NYSE:EVRI) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.33.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Everi from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 price objective on shares of Everi in a research note on Wednesday, November 1st.

In other news, insider Michael D. Rumbolz sold 9,134 shares of Everi stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $8.00, for a total value of $73,072.00. Following the transaction, the insider now directly owns 113,977 shares in the company, valued at $911,816. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juliet Lim sold 110,863 shares of Everi stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $8.30, for a total value of $920,162.90. Following the sale, the executive vice president now directly owns 43,370 shares in the company, valued at $359,971. The disclosure for this sale can be found here. Insiders sold 283,512 shares of company stock worth $2,356,215 over the last quarter. 4.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. grew its position in Everi by 210.2% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 285,100 shares of the credit services provider’s stock worth $2,163,000 after buying an additional 193,200 shares in the last quarter. Wells Fargo & Company MN grew its position in Everi by 67.3% during the third quarter. Wells Fargo & Company MN now owns 93,245 shares of the credit services provider’s stock worth $708,000 after buying an additional 37,518 shares in the last quarter. Citadel Advisors LLC grew its position in Everi by 293.6% during the third quarter. Citadel Advisors LLC now owns 348,564 shares of the credit services provider’s stock worth $2,646,000 after buying an additional 260,015 shares in the last quarter. Trexquant Investment LP acquired a new stake in Everi during the third quarter worth about $331,000. Finally, Eagle Asset Management Inc. grew its position in Everi by 13.2% during the third quarter. Eagle Asset Management Inc. now owns 3,577,074 shares of the credit services provider’s stock worth $26,792,000 after buying an additional 417,289 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Everi (EVRI) traded up $0.04 during midday trading on Tuesday, reaching $7.82. The company’s stock had a trading volume of 317,298 shares, compared to its average volume of 529,631. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -9.13. The company has a market capitalization of $522.26, a price-to-earnings ratio of -2.12 and a beta of 0.99. Everi has a one year low of $2.59 and a one year high of $8.99.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The business had revenue of $247.32 million during the quarter, compared to the consensus estimate of $228.37 million. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. analysts forecast that Everi will post -0.5 earnings per share for the current fiscal year.

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About Everi

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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