Geoffrey P. Judge Sells 30,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI) Director Geoffrey P. Judge sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the sale, the director now owns 91,572 shares in the company, valued at $748,143.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Everi Stock Down 1.5 %

Shares of EVRI opened at $8.04 on Friday. The business’s 50 day simple moving average is $9.34 and its 200-day simple moving average is $10.35. Everi Holdings Inc. has a one year low of $7.97 and a one year high of $17.85. The company has a market capitalization of $673.58 million, a P/E ratio of 8.93 and a beta of 2.09. 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 (NYSE:EVRI) last announced its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The business had revenue of $192.00 million during the quarter, compared to analyst estimates of $200.99 million. During the same quarter last year, the business posted $0.28 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Everi Holdings Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial lowered 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. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price target (down previously from $18.00) on shares of Everi in a research report on Friday, March 1st. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, B. Riley initiated 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Hedge Funds Weigh In On Everi

Large investors have recently modified their holdings of the stock. American Century Companies Inc. raised its position in Everi by 36.4% in the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider’s stock worth $38,294,000 after purchasing an additional 772,860 shares during the last quarter. Goldman Sachs Group Inc. increased its stake 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 valued at $20,841,000 after buying an additional 745,022 shares during the period. Private Capital Management LLC raised its position in shares of Everi by 38.6% during the fourth quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock worth $26,251,000 after acquiring an additional 648,696 shares during the last quarter. Breach Inlet Capital Management LLC acquired a new position in shares of Everi during the fourth quarter valued at $6,051,000. Finally, Grizzlyrock Capital LLC bought a new position in Everi in the fourth quarter valued at about $5,781,000. 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.