Geoffrey P. Judge Sells 30,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI) Director Geoffrey P. Judge sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was 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 owns 91,572 shares in the company, valued at approximately $748,143.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Everi Stock Down 1.5 %

EVRI stock opened at $8.04 on Friday. The stock has a fifty day moving average of $9.34 and a 200-day moving average of $10.36. Everi Holdings Inc. has a fifty-two week low of $7.97 and a fifty-two week high of $17.85. The company has a market capitalization of $673.59 million, a price-to-earnings ratio of 8.93 and a beta of 2.09. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05.

Everi (NYSE:EVRI) last released its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.19). The business had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. Everi’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, equities research analysts predict that Everi Holdings Inc. will post 0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

EVRI has been the topic of several research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price objective (down previously from $18.00) on shares of Everi in a research report on Friday, March 1st. B. Riley started coverage on shares of Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target on the stock. StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Truist Financial dropped their target price on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Everi presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its holdings in shares of Everi by 2.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 49,848 shares of the credit services provider’s stock worth $562,000 after acquiring an additional 998 shares during the period. Campbell & CO Investment Adviser LLC grew its holdings in Everi by 12.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock valued at $152,000 after buying an additional 1,256 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Everi by 5.4% during the third quarter. Kestra Advisory Services LLC now owns 47,252 shares of the credit services provider’s stock valued at $625,000 after buying an additional 2,425 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Everi by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 542,725 shares of the credit services provider’s stock worth $7,175,000 after buying an additional 2,472 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Everi by 1.4% in the third quarter. Swiss National Bank now owns 195,800 shares of the credit services provider’s stock valued at $2,588,000 after acquiring an additional 2,700 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.