Everi (NYSE:EVRI) Sets New 1-Year Low at $7.78

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $7.78 and last traded at $7.78, with a volume of 890 shares. The stock had previously closed at $8.09.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley started coverage on Everi in a research report on Friday, April 5th. They issued a "neutral" rating and a $12.00 target price on the stock. Jefferies Financial Group reiterated a "hold" rating and set a $13.00 target price (down from $18.00) on shares of Everi in a research report on Friday, March 1st. Truist Financial reduced their price target on shares of Everi from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Tuesday, April 23rd. Finally, StockNews.com lowered shares of Everi from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.00.

Everi Stock Down 1.7 %

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 company's fifty day moving average price is $9.22 and its 200-day moving average price is $10.30. The stock has a market cap of $666.47 million, a P/E ratio of 9.06 and a beta of 2.09.

Everi (NYSE:EVRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm had revenue of $192.00 million during the quarter, compared to the consensus estimate of $200.99 million. During the same period in the previous year, the business earned $0.28 EPS. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts forecast that Everi Holdings Inc. will post 0.91 EPS for the current year.

Insider Transactions at Everi

In other news, CAO Todd A. Valli sold 15,000 shares of the business's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total value of $120,750.00. Following the completion of the sale, the chief accounting officer now owns 49,440 shares in the company, valued at approximately $397,992. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Everi news, CAO Todd A. Valli sold 15,000 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total value of $120,750.00. Following the completion of the transaction, the chief accounting officer now owns 49,440 shares in the company, valued at $397,992. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darren Simmons sold 45,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the transaction, the executive vice president now owns 152,550 shares in the company, valued at approximately $1,231,078.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,000 shares of company stock worth $729,000. Insiders own 6.40% of the company's stock.

Institutional Trading of Everi

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