Everi Holdings Inc. (NYSE:EVRI) Receives $25.88 Average Target Price from Brokerages

Everi Holdings Inc. (NYSE:EVRI) has been given a consensus rating of “Buy” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.88.

A number of analysts recently commented on the company. Zacks Investment Research downgraded Everi from a “hold” rating to a “sell” rating in a research report on Wednesday, October 6th. BTIG Research lifted their price target on Everi from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 9th. B. Riley lifted their price target on Everi from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 5th. Finally, Jefferies Financial Group began coverage on Everi in a research note on Tuesday, July 6th. They set a “buy” rating and a $30.00 price objective for the company.

In related news, Director Ronald V. Congemi sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 5th. The stock was sold at an average price of $26.50, for a total value of $132,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dean A. Ehrlich sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $22.21, for a total value of $1,110,500.00. Following the completion of the transaction, the executive vice president now directly owns 47,679 shares in the company, valued at $1,058,950.59. The disclosure for this sale can be found here. Insiders have sold a total of 184,660 shares of company stock worth $4,377,851 in the last quarter. Company insiders own 5.80% of the company’s stock.

Several large investors have recently bought and sold shares of EVRI. Gilder Gagnon Howe & Co. LLC increased its stake in Everi by 5.3% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,902,887 shares of the credit services provider’s stock worth $26,850,000 after buying an additional 95,876 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Everi during the second quarter valued at about $279,000. Dimensional Fund Advisors LP grew its position in shares of Everi by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 774,227 shares of the credit services provider’s stock valued at $10,924,000 after purchasing an additional 21,506 shares in the last quarter. Coe Capital Management LLC purchased a new position in shares of Everi during the first quarter valued at about $141,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Everi in the 2nd quarter valued at about $34,236,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

NYSE:EVRI traded up $0.33 on Monday, hitting $25.29. The stock had a trading volume of 2,679 shares, compared to its average volume of 1,134,675. The business’s fifty day moving average is $23.00 and its 200 day moving average is $20.96. The company has a market cap of $2.28 billion, a PE ratio of 44.53 and a beta of 2.99. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 19.65. Everi has a 52 week low of $8.15 and a 52 week high of $26.61.

Everi (NYSE:EVRI) last issued its quarterly earnings results on Wednesday, August 4th. The credit services provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The company had revenue of $172.58 million during the quarter, compared to the consensus estimate of $168.86 million. Everi had a return on equity of 440.82% and a net margin of 10.49%. Equities analysts predict that Everi will post 1 earnings per share for the current fiscal year.

Everi Company Profile

Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive and gaming industry. It operates through the following segments: Games and FinTech. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions and ancillary products and services.

Featured Article: What is required to own or exchange cryptocurrency?

Analyst Recommendations for Everi (NYSE:EVRI)

Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.