Everi (NYSE:EVRI) Reaches New 12-Month Low at $8.67

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $8.67 and last traded at $8.75, with a volume of 488646 shares trading hands. The stock had previously closed at $8.89.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group reiterated a "hold" rating and set a $13.00 price target (down previously from $18.00) on shares of Everi in a research note on Friday, March 1st. Truist Financial reiterated a "hold" rating and set a $13.00 price target (down previously from $14.00) on shares of Everi in a research note on Friday, March 1st. StockNews.com downgraded Everi from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. Finally, B. Riley assumed coverage on Everi in a research note on Friday, April 5th. They set a "neutral" rating and a $12.00 price target for the company. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $15.60.

Everi Price Performance

The business has a 50 day moving average price of $9.94 and a two-hundred day moving average price of $10.69. The stock has a market cap of $733.49 million, a PE ratio of 9.73 and a beta of 2.05. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05.

Everi (NYSE:EVRI - Get Free Report) last announced its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.19). The business had revenue of $192.00 million during the quarter, compared to analysts' expectations of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. Everi's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. Research analysts expect that Everi Holdings Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everi

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Everi by 22.5% during the 4th quarter. Vanguard Group Inc. now owns 7,178,509 shares of the credit services provider's stock valued at $80,902,000 after acquiring an additional 1,318,502 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in Everi during the 1st quarter valued at $17,158,000. Marshall Wace LLP bought a new stake in Everi during the 2nd quarter valued at $12,563,000. Ameriprise Financial Inc. raised its holdings in Everi by 205.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,151,764 shares of the credit services provider's stock valued at $15,226,000 after acquiring an additional 775,012 shares during the period. Finally, American Century Companies Inc. raised its holdings in Everi by 36.4% during the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider's stock valued at $38,294,000 after acquiring an additional 772,860 shares during the period. Institutional investors own 95.47% of the company's stock.

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.