Everi Holdings Inc. (NYSE: EVRI) Receives Average PT of $30.80 from Brokers
Everi Holdings Inc. (NYSE: EVRI – Get Rating) received a consensus “buy” recommendation from the nine analysts who currently cover the company, MarketBeat reports. One investment analyst gave the stock a hold rating, five issued a buy rating and one gave the company a high buy rating. The 12-month average price target among brokers who have reported on the stock in the past year is $30.80.
A number of research analysts have weighed in on the stock. Roth Capital assumed coverage for Everi shares in a Tuesday, April 5 research note. They issued a “buy” rating on the stock. Raymond James lowered his price target on Everi shares from $33.00 to $30.00 and set a “Strong Buy” rating on the stock in a Tuesday, January 11 research note. Zacks Investment Research upgraded Everi’s shares from a “buy” to a “hold” rating in a Thursday, March 3 research note. TheStreet downgraded Everi’s shares from a ‘c’ rating to a ‘b’ rating in a Friday, April 1 research note. Finally, StockNews.com began covering Everi shares in a research note on Thursday, March 31. They set a “buy” rating on the stock.
EVRI was down $0.06 in Monday’s midday session, hitting $18.98. The company had a trading volume of 481,826 shares, compared to an average volume of 691,532. The company has a debt ratio of 5.59, a quick ratio of 1.11 and a current ratio of 1.17. The stock has a market capitalization of $1.73 billion, a PE ratio of 12.49 and a beta of 2.64. Everi has a 12-month low of $13.38 and a 12-month high of $26.61. The company has a 50-day moving average price of $21.70 and a two-hundred-day moving average price of $22.02.
Everi (NYSE:EVRI – Get Rating) last released its results on Tuesday, March 1. The credit services provider reported earnings per share of $0.88 for the quarter, beating the Zacks consensus estimate of $0.36 by $0.52. The company posted revenue of $180.40 million for the quarter, compared to $167.49 million expected by analysts. Everi achieved a net margin of 23.16% and a return on equity of 144.70%. The company’s quarterly revenue increased 50.8% year over year. During the same period of the previous year, the company made earnings per share of $0.01. On average, research analysts expect Everi to post 1.29 earnings per share for the current year.
Institutional investors have recently been buying and selling shares of the stock. Patriot Financial Group Insurance Agency LLC bought a new position in Everi stock in Q4 worth $25,000. Counterpoint Mutual Funds LLC bought a new position in Everi stock in Q4 worth $28,000. FMR LLC bought a new position in Everi stock in Q1 worth $29,000. Manchester Capital Management LLC bought a new position in Everi shares in Q3 worth $34,000. Finally, Dark Forest Capital Management LP bought a new position in Everi shares in Q3 worth $47,000. 89.99% of the shares are currently held by institutional investors and hedge funds.
About Everi (Get a rating)
Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, United Kingdom, Europe, the Caribbean, Central America and Asia. It operates in two segments, Gaming and FinTech. The Company offers local and extended progressive game products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content and related equipment.
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