Everi Holdings Inc. (NYSE:EVRI) Receives $15.60 Consensus Target Price from Brokerages

Everi Holdings Inc. (NYSE:EVRI) has been given a consensus recommendation of “Moderate Buy” by the four research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.60.

EVRI has been the topic of several research analyst reports. 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 reaffirmed a “hold” rating and issued a $13.00 price target (down previously from $14.00) on shares of Everi in a research note on Friday, March 1st. 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. Finally, StockNews.com cut shares of Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Hedge Funds Weigh In On Everi

A number of institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new position in shares of Everi during the fourth quarter worth $52,000. LSV Asset Management acquired a new position in Everi in the 4th quarter worth about $121,000. Oak Thistle LLC bought a new position in Everi in the fourth quarter valued at about $124,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Everi during the third quarter valued at about $126,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Everi during the third quarter worth about $136,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Stock Up 1.2 %

Shares of EVRI stock opened at $8.94 on Friday. Everi has a 1 year low of $8.67 and a 1 year high of $17.85. The firm has a market capitalization of $748.57 million, a P/E ratio of 9.93 and a beta of 2.05. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The firm’s fifty day moving average price is $9.82 and its two-hundred day moving average price is $10.59.

Everi (NYSE:EVRI) last released 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). Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm had revenue of $192.00 million for the quarter, compared to analyst estimates of $200.99 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts predict that Everi will post 0.97 EPS for the current fiscal year.

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.