Everi Holdings Inc. (NYSE:EVRI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Everi Holdings Inc. (NYSE:EVRI) has earned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.60.

Several analysts recently issued reports on the company. Truist Financial reiterated a “hold” rating and set a $13.00 target price (down previously from $14.00) on shares of Everi in a research report on Friday, March 1st. StockNews.com cut Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. B. Riley assumed coverage on Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 target price for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $13.00 target price (down previously from $18.00) on shares of Everi in a research report on Friday, March 1st.

Everi Stock Down 0.2 %

NYSE EVRI opened at $8.83 on Friday. The stock’s 50-day moving average price is $9.86 and its 200-day moving average price is $10.65. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 4.28. Everi has a 52 week low of $8.67 and a 52 week high of $17.85. The company has a market capitalization of $739.36 million, a P/E ratio of 9.81 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). Everi had a return on equity of 42.93% and a net margin of 10.40%. The business had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $200.99 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts predict that Everi will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Everi

Several institutional investors have recently added to or reduced their stakes in EVRI. Insight Folios Inc boosted its holdings in shares of Everi by 19.8% in the 1st quarter. Insight Folios Inc now owns 18,996 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 3,145 shares during the period. ARGA Investment Management LP purchased a new position in shares of Everi in the 1st quarter worth approximately $648,000. Private Capital Management LLC boosted its holdings in shares of Everi by 38.6% in the 4th quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock worth $26,251,000 after purchasing an additional 648,696 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Everi by 22.5% in the 4th quarter. Vanguard Group Inc. now owns 7,178,509 shares of the credit services provider’s stock worth $80,902,000 after purchasing an additional 1,318,502 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after purchasing an additional 745,022 shares during the period. Hedge funds and other institutional investors 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.