Everi (NYSE:EVRI) Sets New 12-Month Low at $8.15

Everi Holdings Inc. (NYSE:EVRI)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.15 and last traded at $8.17, with a volume of 420809 shares trading hands. The stock had previously closed at $8.47.

Wall Street Analysts Forecast Growth

EVRI has been the topic of several research reports. Truist Financial dropped their price objective on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. B. Riley started coverage on shares of Everi in a research note on Friday, April 5th. They set a “neutral” rating and a $12.00 price target for the company. StockNews.com cut Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 target price (down from $18.00) on shares of Everi in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.20.

Everi Price Performance

The firm has a 50 day moving average of $9.57 and a 200-day moving average of $10.44. 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 cap of $684.48 million, a P/E ratio of 9.10 and a beta of 2.05.

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

Institutional Investors Weigh In On Everi

Several institutional investors have recently added to or reduced their stakes in EVRI. SG Americas Securities LLC acquired a new stake in shares of Everi during the 3rd quarter valued at about $286,000. Exchange Traded Concepts LLC lifted its holdings in shares of Everi by 280.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 31,541 shares of the credit services provider’s stock worth $417,000 after acquiring an additional 23,249 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Everi by 0.5% during 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Everi by 87.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,257 shares of the credit services provider’s stock worth $849,000 after purchasing an additional 30,014 shares during the period. Finally, M&T Bank Corp increased its stake in Everi by 29.4% during the 3rd quarter. M&T Bank Corp now owns 132,462 shares of the credit services provider’s stock worth $1,751,000 after buying an additional 30,083 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.