Everi (NYSE:EVRI) Price Target Lowered to $11.00 at Truist Financial

Everi (NYSE:EVRI) had its price objective cut by Truist Financial from $13.00 to $11.00 in a report published on Tuesday, Benzinga reports. They currently have a hold rating on the credit services provider’s stock.

A number of other research firms have also commented on EVRI. B. Riley initiated coverage on Everi in a research note on Friday, April 5th. They issued a neutral rating and a $12.00 price objective on the stock. StockNews.com lowered Everi from a buy rating to a hold rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group reissued a hold rating and issued a $13.00 price objective (down previously from $18.00) on shares of Everi in a research note on Friday, March 1st. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, Everi presently has a consensus rating of Hold and an average target price of $15.20.

Everi Price Performance

Shares of EVRI stock opened at $8.71 on Tuesday. The stock’s fifty day simple moving average is $9.82 and its 200 day simple moving average is $10.59. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.05 and a quick ratio of 0.97. The firm has a market cap of $729.30 million, a price-to-earnings ratio of 9.67 and a beta of 2.05. Everi has a one year low of $8.67 and a one year high of $17.85.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.19). The company had revenue of $192.00 million during the quarter, compared to analyst estimates of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. Everi’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, analysts expect that Everi will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everi

A number of institutional investors and hedge funds have recently made changes to their positions in EVRI. Wolverine Asset Management LLC bought a new stake in shares of Everi during the fourth quarter worth $52,000. LSV Asset Management bought a new stake in shares of Everi during the fourth quarter worth $121,000. Oak Thistle LLC bought a new stake in Everi in the fourth quarter valued at about $124,000. Counterpoint Mutual Funds LLC bought a new stake in Everi in the third quarter valued at about $126,000. Finally, Principal Financial Group Inc. bought a new stake in Everi in the third quarter valued at about $136,000. Institutional investors own 95.47% of the company’s stock.

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.