Shares of Everi Holdings Inc (NYSE:EVRI) reached a new 52-week high during trading on Tuesday after Raymond James raised their price target on the stock from $14.00 to $15.00. Raymond James currently has a strong-buy rating on the stock. Everi traded as high as $12.89 and last traded at $12.84, with a volume of 27489 shares traded. The stock had previously closed at $12.40.
A number of other analysts have also recently weighed in on EVRI. Macquarie began coverage on shares of Everi in a research report on Thursday, September 26th. They set an “outperform” rating and a $12.00 price target for the company. ValuEngine cut shares of Everi from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Zacks Investment Research lowered shares of Everi from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, TheStreet lowered shares of Everi from a “c” rating to a “d+” rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $12.80.
In other news, Director Geoffrey P. Judge sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $12.52, for a total value of $375,600.00. Following the sale, the director now owns 134,672 shares in the company, valued at approximately $1,686,093.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 31,050 shares of company stock worth $386,363. Company insiders own 5.50% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. boosted its holdings in shares of Everi by 1.5% in the third quarter. Eagle Asset Management Inc. now owns 6,003,704 shares of the credit services provider’s stock valued at $50,791,000 after acquiring an additional 90,222 shares in the last quarter. BlackRock Inc. grew its stake in Everi by 3.6% in the 2nd quarter. BlackRock Inc. now owns 4,946,207 shares of the credit services provider’s stock valued at $59,009,000 after buying an additional 169,975 shares during the last quarter. Vanguard Group Inc. grew its stake in Everi by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,769,231 shares of the credit services provider’s stock valued at $44,968,000 after buying an additional 165,245 shares during the last quarter. Renaissance Technologies LLC grew its stake in Everi by 20.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,378,700 shares of the credit services provider’s stock valued at $40,308,000 after buying an additional 565,500 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its stake in Everi by 5.9% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,460,172 shares of the credit services provider’s stock valued at $17,420,000 after buying an additional 80,982 shares during the last quarter. 97.11% of the stock is owned by institutional investors and hedge funds.
The business’s fifty day simple moving average is $9.90 and its two-hundred day simple moving average is $10.46. The stock has a market capitalization of $894.32 million, a P/E ratio of 128.50, a P/E/G ratio of 1.82 and a beta of 1.62.
Everi (NYSE:EVRI) last issued its quarterly earnings results on Tuesday, November 5th. The credit services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Everi had a net margin of 4.90% and a negative return on equity of 19.69%. The firm had revenue of $134.60 million during the quarter, compared to the consensus estimate of $129.30 million. During the same period in the prior year, the firm earned $0.03 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts anticipate that Everi Holdings Inc will post 0.34 EPS for the current year.
About Everi (NYSE:EVRI)
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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