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

Everi Holdings Inc. (NYSE:EVRI) CAO Todd A. Valli sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $8.05, for a total transaction of $120,750.00. Following the sale, the chief accounting officer now directly owns 49,440 shares in the company, valued at approximately $397,992. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Everi Stock Performance

NYSE EVRI opened at $8.04 on Friday. The firm has a market capitalization of $673.58 million, a P/E ratio of 8.93 and a beta of 2.09. The stock has a 50-day simple moving average of $9.34 and a two-hundred day simple moving average of $10.35. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05. Everi Holdings Inc. has a fifty-two week low of $7.97 and a fifty-two week high of $17.85.

Everi (NYSE:EVRI) last announced its quarterly earnings results 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). Everi had a net margin of 10.40% and a return on equity of 42.93%. The company 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 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts forecast that Everi Holdings Inc. will post 0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Everi

Several large investors have recently made changes to their positions in EVRI. Wolverine Asset Management LLC purchased a new position in Everi in the fourth quarter valued at $52,000. LSV Asset Management acquired a new stake in shares of Everi during the 4th quarter valued at about $121,000. Oak Thistle LLC purchased a new position in shares of Everi in the 4th quarter valued at about $124,000. Principal Financial Group Inc. acquired a new position in Everi in the 3rd quarter worth about $136,000. Finally, AXQ Capital LP purchased a new position in Everi during the third quarter worth approximately $142,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.