Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

Everi Holdings Inc. (NYSE:EVRI) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,700,000 shares, an increase of 9.8% from the January 31st total of 4,280,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 5.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EVRI. Goldman Sachs Group Inc. grew its position in Everi by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after buying an additional 745,022 shares in the last quarter. GSA Capital Partners LLP raised its stake in Everi by 68.1% in the fourth quarter. GSA Capital Partners LLP now owns 117,621 shares of the credit services provider’s stock valued at $1,326,000 after purchasing an additional 47,634 shares in the last quarter. Barclays PLC lifted its position in Everi by 407.6% during the fourth quarter. Barclays PLC now owns 260,495 shares of the credit services provider’s stock worth $2,935,000 after purchasing an additional 209,180 shares during the period. Vanguard Group Inc. grew its stake in Everi by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 7,178,509 shares of the credit services provider’s stock worth $80,902,000 after buying an additional 1,318,502 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Everi in the 4th quarter valued at about $3,778,000. 87.83% of the stock is owned by institutional investors.

Everi Stock Performance

Shares of NYSE EVRI traded down $0.41 during trading hours on Wednesday, reaching $9.45. 1,544,361 shares of the stock were exchanged, compared to its average volume of 1,094,960. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05. The stock’s fifty day simple moving average is $10.80 and its 200 day simple moving average is $11.70. Everi has a 52 week low of $9.31 and a 52 week high of $19.13. The firm has a market capitalization of $791.72 million, a price-to-earnings ratio of 10.50 and a beta of 2.08.

Everi (NYSE:EVRI) last announced its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The business had revenue of $192.00 million during the quarter, compared to the consensus estimate of $200.99 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. Sell-side analysts predict that Everi will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Raymond James lowered their price target on shares of Everi from $20.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 9th. StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $13.00 price objective (down previously from $14.00) on shares of Everi in a research note on Friday, March 1st. Finally, Jefferies Financial Group restated a “hold” rating and set a $13.00 price objective (down from $18.00) on shares of Everi in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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, Australia, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and Financial Technology Solutions.