Everi Holdings Inc (EVRI) Raised to “Outperform” at Telsey Advisory Group
Telsey Advisory Group upgraded shares of Everi Holdings Inc (NYSE:EVRI) from a market perform rating to an outperform rating in a report issued on Wednesday morning. Telsey Advisory Group currently has $6.00 target price on the stock, up from their previous target price of $2.50.
Separately, Zacks Investment Research upgraded shares of Everi Holdings from a hold rating to a buy rating and set a $2.50 target price on the stock in a research note on Wednesday, November 30th. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus price target of $4.45.
Everi Holdings (NYSE:EVRI) opened at 4.24 on Wednesday. The company’s 50 day moving average price is $3.24 and its 200-day moving average price is $2.58. Everi Holdings has a 12-month low of $1.13 and a 12-month high of $4.47.
Everi Holdings (NYSE:EVRI) last issued its quarterly earnings data on Tuesday, March 14th. The company reported ($3.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by $3.10. Everi Holdings had a negative return on equity of 4.76% and a negative net margin of 14.04%. The firm earned $217.50 million during the quarter, compared to analyst estimates of $211.68 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Everi Holdings will post ($0.45) earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of EVRI. Two Sigma Investments LP bought a new stake in shares of Everi Holdings during the fourth quarter worth about $130,000. Wells Fargo & Company MN raised its stake in shares of Everi Holdings by 118.4% in the third quarter. Wells Fargo & Company MN now owns 63,451 shares of the company’s stock worth $157,000 after buying an additional 34,404 shares during the period. 1st Global Advisors Inc. raised its stake in shares of Everi Holdings by 9.0% in the third quarter. 1st Global Advisors Inc. now owns 102,961 shares of the company’s stock worth $254,000 after buying an additional 8,463 shares during the period. K.J. Harrison & Partners Inc bought a new stake in shares of Everi Holdings during the third quarter worth about $259,000. Finally, Raging Capital Management LLC bought a new stake in shares of Everi Holdings during the fourth quarter worth about $324,000. Institutional investors and hedge funds own 57.81% of the company’s stock.
About Everi Holdings
Everi Holdings Inc, formerly Global Cash Access Holdings, Inc, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc and Everi Payments Inc It provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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