Everi Holdings Inc. (EVRI) Given Average Rating of “Buy” by Brokerages
Everi Holdings Inc. (NYSE:EVRI) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $7.33.
Several research analysts have commented on EVRI shares. BidaskClub lowered Everi Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus raised their price objective on Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered Everi Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.
Everi Holdings (NYSE:EVRI) last released its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.06. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The company had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. During the same period last year, the company posted ($0.12) earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year.
In other Everi Holdings news, insider Michael D. Rumbolz sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $6.90, for a total value of $103,500.00. Following the transaction, the insider now directly owns 121,742 shares of the company’s stock, valued at $840,019.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $7.70, for a total value of $77,000.00. The disclosure for this sale can be found here. Insiders sold 115,000 shares of company stock worth $917,300 over the last three months. 4.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Renaissance Technologies LLC increased its position in shares of Everi Holdings by 91.9% during the second quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock worth $35,445,000 after acquiring an additional 2,331,500 shares during the last quarter. Numeric Investors LLC increased its position in shares of Everi Holdings by 639.8% during the second quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock worth $11,619,000 after acquiring an additional 1,380,322 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Everi Holdings by 3,400.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,045,186 shares of the credit services provider’s stock worth $7,609,000 after acquiring an additional 1,015,330 shares during the last quarter. Castleark Management LLC purchased a new stake in shares of Everi Holdings during the second quarter worth about $7,172,000. Finally, State Street Corp increased its position in shares of Everi Holdings by 1,586.2% during the second quarter. State Street Corp now owns 1,045,754 shares of the credit services provider’s stock worth $7,608,000 after acquiring an additional 983,736 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.
Everi Holdings Company Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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