Everi Holdings Inc. (NYSE:EVRI – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday after Truist Financial lowered their price target on the stock from $13.00 to $11.00. Truist Financial currently has a hold rating on the stock. Everi traded as low as $8.41 and last traded at $8.44, with a volume of 215119 shares traded. The stock had previously closed at $8.70.
EVRI has been the topic of a number of other reports. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 target price (down from $18.00) on shares of Everi in a report on Friday, March 1st. B. Riley began coverage on Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, StockNews.com cut Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.20.
Institutional Investors Weigh In On Everi
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new stake in shares of Everi during the 4th quarter valued at $52,000. LSV Asset Management purchased a new stake in shares of Everi during the 4th quarter valued at $121,000. Oak Thistle LLC purchased a new stake in shares of Everi during the 4th quarter valued at $124,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Everi during the 3rd quarter valued at $126,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Everi during the 3rd quarter valued at $136,000. 95.47% of the stock is owned by hedge funds and other institutional investors.
Everi Trading Down 1.5 %
The stock has a market capitalization of $717.99 million, a PE ratio of 9.52 and a beta of 2.05. The firm has a 50-day moving average price of $9.78 and a 200-day moving average price of $10.56. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28.
Everi (NYSE:EVRI – Get Free Report) last posted 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 the consensus estimate of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities analysts forecast that Everi Holdings Inc. will post 0.97 EPS for the current fiscal year.
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.