Everi Holdings Inc (NYSE:EVRI) shares gapped up prior to trading on Monday . The stock had previously closed at $12.29, but opened at $12.22. Everi shares last traded at $12.43, with a volume of 1,181,366 shares trading hands.
A number of research analysts have recently commented on EVRI shares. ValuEngine downgraded shares of Everi from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. TheStreet upgraded shares of Everi from a “d+” rating to a “c” rating in a report on Tuesday, November 19th. Macquarie assumed coverage on shares of Everi in a research report on Thursday, September 26th. They issued an “outperform” rating and a $12.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Everi has a consensus rating of “Buy” and a consensus target price of $12.60.
The firm has a market capitalization of $1.01 billion, a PE ratio of 124.30, a price-to-earnings-growth ratio of 1.80 and a beta of 1.74. The firm has a 50-day moving average of $11.51 and a two-hundred day moving average of $10.71.
Everi (NYSE:EVRI) last issued its earnings results on Tuesday, November 5th. The credit services provider reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. Everi had a negative return on equity of 19.69% and a net margin of 4.90%. The firm had revenue of $134.60 million for the quarter, compared to analysts’ expectations of $129.30 million. During the same quarter last year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts expect that Everi Holdings Inc will post 0.34 earnings per share for the current year.
In other news, Director Geoffrey P. Judge sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $12.52, for a total value of $375,600.00. Following the transaction, the director now directly owns 134,672 shares in the company, valued at approximately $1,686,093.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over 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.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Everi by 139.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,297 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 1,339 shares in the last quarter. FMR LLC acquired a new stake in Everi in the 1st quarter valued at $29,000. Usca Ria LLC acquired a new stake in Everi in the 3rd quarter valued at $30,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Everi by 54.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,391 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 1,897 shares during the period. Finally, Sun Life Financial INC purchased a new position in Everi in the second quarter valued at about $64,000. 94.50% of the stock is owned by institutional investors.
Everi Company Profile (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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