Everi (NYSE:EVRI) Sets New 1-Year Low on Analyst Downgrade

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) hit a new 52-week low on Wednesday after Truist Financial lowered their price target on the stock from $13.00 to $11.00. Truist Financial currently has a hold rating on the stock. Everi traded as low as $8.41 and last traded at $8.44, with a volume of 215119 shares trading hands. The stock had previously closed at $8.70.

EVRI has been the subject of several other research reports. Jefferies Financial Group reiterated a "hold" rating and issued a $13.00 target price (down previously from $18.00) on shares of Everi in a research report on Friday, March 1st. StockNews.com lowered Everi from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Finally, B. Riley began coverage on Everi in a research report on Friday, April 5th. They issued a "neutral" rating and a $12.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $15.20.

Institutional Trading of Everi

Hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its stake in Everi by 2.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 49,848 shares of the credit services provider's stock valued at $562,000 after acquiring an additional 998 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Everi by 12.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider's stock valued at $152,000 after acquiring an additional 1,256 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Everi by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 47,252 shares of the credit services provider's stock valued at $625,000 after acquiring an additional 2,425 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Everi by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 542,725 shares of the credit services provider's stock valued at $7,175,000 after acquiring an additional 2,472 shares in the last quarter. Finally, Swiss National Bank raised its stake in Everi by 1.4% during the 3rd quarter. Swiss National Bank now owns 195,800 shares of the credit services provider's stock valued at $2,588,000 after acquiring an additional 2,700 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Everi Stock Down 1.5 %

The firm has a 50 day simple moving average of $9.78 and a two-hundred day simple moving average of $10.56. The company has a debt-to-equity ratio of 4.28, a quick ratio of 0.97 and a current ratio of 1.05. The stock has a market cap of $717.99 million, a P/E ratio of 9.52 and a beta of 2.05.

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 the consensus estimate of $0.21 by ($0.19). The business had revenue of $192.00 million for the quarter, compared to the consensus estimate of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. The firm's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Equities research analysts predict that Everi Holdings Inc. will post 0.97 earnings per share for the current 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.