Everi (NYSE:EVRI) Hits New 12-Month Low After Insider Selling

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) hit a new 52-week low on Wednesday after an insider sold shares in the company. The company traded as low as $7.50 and last traded at $7.51, with a volume of 55791 shares. The stock had previously closed at $7.60.

Specifically, Chairman Michael D. Rumbolz sold 5,040 shares of the firm's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total transaction of $38,304.00. Following the transaction, the chairman now directly owns 1,082,062 shares in the company, valued at $8,223,671.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman Michael D. Rumbolz sold 5,040 shares of Everi stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total value of $38,304.00. Following the transaction, the chairman now directly owns 1,082,062 shares in the company, valued at $8,223,671.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren Simmons sold 45,000 shares of Everi stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $8.07, for a total value of $363,150.00. Following the completion of the transaction, the executive vice president now owns 152,550 shares in the company, valued at $1,231,078.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,424 shares of company stock worth $1,061,171. Corporate insiders own 6.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EVRI shares. B. Riley started coverage on Everi in a research report on Friday, April 5th. They set a "neutral" rating and a $12.00 target price on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $13.00 price objective (down from $18.00) on shares of Everi in a report on Friday, March 1st. Stifel Nicolaus decreased their price objective on Everi from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Truist Financial decreased their price objective on Everi from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Tuesday, April 23rd. Finally, StockNews.com downgraded Everi from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.60.

Everi Stock Down 2.0 %

The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05. The firm's 50-day moving average is $8.89 and its two-hundred day moving average is $10.17. The stock has a market cap of $626.40 million, a P/E ratio of 11.46 and a beta of 2.09.

Everi (NYSE:EVRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.12). The company had revenue of $189.30 million during the quarter, compared to the consensus estimate of $188.82 million. Everi had a return on equity of 30.41% and a net margin of 7.59%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that Everi Holdings Inc. will post 0.91 earnings per share for the current year.

Institutional Trading of Everi

Several institutional investors and hedge funds have recently made changes to their positions in EVRI. Bank of New York Mellon Corp grew its holdings in shares of Everi by 0.5% in 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 buying an additional 2,472 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Everi by 87.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,257 shares of the credit services provider's stock valued at $849,000 after buying an additional 30,014 shares during the period. M&T Bank Corp grew its holdings in shares of Everi by 29.4% in the 3rd quarter. M&T Bank Corp now owns 132,462 shares of the credit services provider's stock valued at $1,751,000 after buying an additional 30,083 shares during the period. Duality Advisers LP grew its holdings in shares of Everi by 59.2% in the 3rd quarter. Duality Advisers LP now owns 41,360 shares of the credit services provider's stock valued at $547,000 after buying an additional 15,386 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Everi in the 3rd quarter valued at $136,000. 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.