Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons Sells 45,000 Shares

Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons sold 45,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $8.07, for a total value of $363,150.00. Following the sale, the executive vice president now owns 152,550 shares in the company, valued at approximately $1,231,078.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Everi Trading Down 1.5 %

Shares of Everi stock opened at $8.04 on Friday. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.05 and a quick ratio of 0.97. Everi Holdings Inc. has a 1 year low of $7.97 and a 1 year high of $17.85. The firm has a market cap of $673.58 million, a PE ratio of 8.93 and a beta of 2.09. The company has a 50 day simple moving average of $9.34 and a two-hundred day simple moving average of $10.35.

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

Hedge Funds Weigh In On Everi

Several institutional investors have recently modified their holdings of EVRI. Vanguard Group Inc. grew its position in Everi by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock valued at $77,469,000 after acquiring an additional 64,529 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Everi by 36.4% during the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider’s stock valued at $38,294,000 after purchasing an additional 772,860 shares during the last quarter. Private Capital Management LLC raised its position in 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. Vaughan Nelson Investment Management L.P. lifted its stake in Everi by 2.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,156,636 shares of the credit services provider’s stock worth $28,511,000 after purchasing an additional 57,275 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Everi by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after buying an additional 745,022 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EVRI. B. Riley started coverage on shares of Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price target (down from $18.00) on shares of Everi in a report on Friday, March 1st. Truist Financial decreased their price target 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. Finally, StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research note 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 company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.00.

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.