Everi Holdings Inc. (EVRI) Director Buys $77,850.00 in Stock
Everi Holdings Inc. (NYSE:EVRI) Director Eileen F. Raney acquired 9,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $8.65 per share, with a total value of $77,850.00. Following the completion of the acquisition, the director now directly owns 59,000 shares of the company’s stock, valued at approximately $510,350. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Everi Holdings Inc. (NYSE:EVRI) traded up $0.27 during mid-day trading on Wednesday, hitting $8.70. The stock had a trading volume of 699,400 shares, compared to its average volume of 779,120. Everi Holdings Inc. has a 1-year low of $2.08 and a 1-year high of $8.99. The company has a debt-to-equity ratio of -9.13, a current ratio of 0.98 and a quick ratio of 0.91.
Everi Holdings (NYSE:EVRI) last posted its quarterly earnings data on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.06. The business had revenue of $247.32 million during the quarter, compared to the consensus estimate of $228.37 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) earnings per share. sell-side analysts predict that Everi Holdings Inc. will post -0.5 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of EVRI. Parametric Portfolio Associates LLC acquired a new stake in shares of Everi Holdings during the first quarter worth $200,000. JPMorgan Chase & Co. acquired a new stake in shares of Everi Holdings during the first quarter worth $160,000. California Public Employees Retirement System lifted its holdings in shares of Everi Holdings by 8.3% during the first quarter. California Public Employees Retirement System now owns 547,800 shares of the credit services provider’s stock worth $2,624,000 after purchasing an additional 42,200 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Everi Holdings by 6.7% during the first quarter. Vanguard Group Inc. now owns 2,640,210 shares of the credit services provider’s stock worth $12,647,000 after purchasing an additional 166,661 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Everi Holdings by 11.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,647,410 shares of the credit services provider’s stock worth $17,471,000 after purchasing an additional 382,176 shares during the period. 85.45% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on EVRI. BidaskClub raised Everi Holdings from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research raised Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $11.00 price objective on shares of Everi Holdings in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Everi Holdings presently has a consensus rating of “Buy” and a consensus price target of $7.33.
About Everi Holdings
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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