Todd A. Valli Sells 15,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI) CAO Todd A. Valli sold 15,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total transaction of $120,750.00. Following the completion of the transaction, the chief accounting officer now owns 49,440 shares of the company’s stock, valued at approximately $397,992. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Everi Price Performance

EVRI stock opened at $8.04 on Friday. The firm has a 50-day moving average of $9.34 and a two-hundred day moving average of $10.36. The firm has a market capitalization of $673.59 million, a PE ratio of 8.93 and a beta of 2.09. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. Everi Holdings Inc. has a one year low of $7.97 and a one year high of $17.85.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. B. Riley assumed coverage on shares of Everi in a research note on Friday, April 5th. They set a “neutral” rating and a $12.00 price objective on the stock. StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial lowered their price objective on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group restated a “hold” rating and set a $13.00 target price (down from $18.00) on shares of Everi in a report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Everi presently has an average rating of “Hold” and an average target price of $13.00.

Institutional Investors Weigh In On Everi

Institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC increased its holdings in shares of Everi by 2.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 49,848 shares of the credit services provider’s stock valued at $562,000 after purchasing an additional 998 shares during the period. Campbell & CO Investment Adviser LLC grew its position in Everi by 12.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 1,256 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Everi by 5.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 47,252 shares of the credit services provider’s stock valued at $625,000 after buying an additional 2,425 shares during the period. Bank of New York Mellon Corp lifted its position in Everi by 0.5% in the 3rd 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 in the last quarter. Finally, Swiss National Bank lifted its position in Everi by 1.4% in the 3rd quarter. Swiss National Bank now owns 195,800 shares of the credit services provider’s stock worth $2,588,000 after buying an additional 2,700 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

About Everi

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.