Everi Holdings Inc. (NYSE:EVRI) Receives $18.00 Consensus Target Price from Analysts

Everi Holdings Inc. (NYSE:EVRI) has been assigned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.00.

EVRI has been the topic of several recent analyst reports. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial restated a “hold” rating and set a $13.00 price objective (down previously from $14.00) on shares of Everi in a report on Friday, March 1st. Finally, Jefferies Financial Group restated a “hold” rating and set a $13.00 price objective (down previously from $18.00) on shares of Everi in a report on Friday, March 1st.

Hedge Funds Weigh In On Everi

A number of large investors have recently made changes to their positions in EVRI. First Capital Advisors Group LLC. acquired a new position in Everi in the second quarter worth approximately $29,000. Comerica Bank acquired a new position in Everi in the third quarter worth approximately $34,000. Federated Hermes Inc. increased its holdings in Everi by 42.9% in the third quarter. Federated Hermes Inc. now owns 2,350 shares of the credit services provider’s stock worth $38,000 after buying an additional 706 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Everi in the fourth quarter worth approximately $52,000. Finally, Tower Research Capital LLC TRC increased its holdings in Everi by 37.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,167 shares of the credit services provider’s stock worth $60,000 after buying an additional 1,136 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Price Performance

Shares of NYSE EVRI opened at $10.05 on Tuesday. Everi has a twelve month low of $8.74 and a twelve month high of $17.85. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The company has a market capitalization of $841.99 million, a price-to-earnings ratio of 11.17 and a beta of 2.08. The firm has a 50-day moving average of $10.25 and a two-hundred day moving average of $11.16.

Everi (NYSE:EVRI) last issued its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). The business had revenue of $192.00 million during the quarter, compared to analyst estimates of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. Everi’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, analysts expect that Everi will post 0.99 earnings per share for the current fiscal year.

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.