Everi (NYSE:EVRI) Given New $24.00 Price Target at Stifel Nicolaus

Everi (NYSE:EVRIGet Rating) had its target price lowered by Stifel Nicolaus from $30.00 to $24.00 in a report released on Monday morning, The Fly reports.

Other analysts have also issued research reports about the company. B. Riley dropped their price target on Everi from $36.00 to $35.00 and set a buy rating for the company in a research note on Tuesday, June 28th. Roth Capital initiated coverage on Everi in a report on Tuesday, April 5th. They issued a buy rating for the company. Truist Financial decreased their price objective on Everi from $32.00 to $30.00 and set a buy rating for the company in a report on Wednesday, July 20th. Finally, StockNews.com downgraded Everi from a strong-buy rating to a buy rating in a report on Thursday, May 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and an average target price of $28.75.

Everi Stock Performance

Shares of EVRI stock opened at $19.75 on Monday. The stock has a fifty day moving average of $17.49 and a 200 day moving average of $19.10. Everi has a 52 week low of $15.05 and a 52 week high of $26.61. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.19 and a beta of 2.50. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 4.60.

Everi (NYSE:EVRIGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Everi had a return on equity of 98.81% and a net margin of 23.52%. The company had revenue of $175.60 million during the quarter, compared to analyst estimates of $169.38 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. As a group, research analysts expect that Everi will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 3,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $19.00, for a total transaction of $57,000.00. Following the completion of the transaction, the director now directly owns 51,572 shares in the company, valued at $979,868. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Geoffrey P. Judge sold 3,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $19.00, for a total transaction of $57,000.00. Following the completion of the transaction, the director now directly owns 51,572 shares in the company, valued at $979,868. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 1,424 shares of the firm’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total value of $25,632.00. Following the transaction, the director now owns 51,572 shares of the company’s stock, valued at $928,296. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Several institutional investors and hedge funds have recently modified their holdings of EVRI. New York State Teachers Retirement System increased its holdings in Everi by 284.2% in the 4th quarter. New York State Teachers Retirement System now owns 7,300 shares of the credit services provider’s stock worth $156,000 after buying an additional 5,400 shares in the last quarter. Brown Advisory Inc. bought a new stake in Everi in the 4th quarter worth about $389,000. Allspring Global Investments Holdings LLC bought a new stake in Everi in the 4th quarter worth about $1,159,000. D.A. Davidson & CO. increased its holdings in Everi by 7.5% in the 4th quarter. D.A. Davidson & CO. now owns 65,649 shares of the credit services provider’s stock worth $1,402,000 after buying an additional 4,596 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Everi in the 4th quarter worth about $1,100,000. 88.40% of the stock is currently owned by institutional investors.

Everi Company Profile

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Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

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