Everi Holdings Inc. (NYSE:EVRI) CAO Todd A. Valli Sells 1,527 Shares

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) CAO Todd A. Valli sold 1,527 shares of the business's stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $7.66, for a total transaction of $11,696.82. Following the sale, the chief accounting officer now directly owns 54,080 shares in the company, valued at $414,252.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Everi Stock Down 1.4 %

EVRI traded down $0.10 on Tuesday, reaching $7.61. The company's stock had a trading volume of 1,098,230 shares, compared to its average volume of 1,081,896. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 4.18. Everi Holdings Inc. has a fifty-two week low of $7.57 and a fifty-two week high of $16.08. The stock has a 50 day moving average of $8.98 and a two-hundred day moving average of $10.21. The company has a market capitalization of $639.40 million, a price-to-earnings ratio of 11.70 and a beta of 2.09.

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

Analyst Upgrades and Downgrades

EVRI has been the topic of several research analyst reports. Truist Financial dropped their price target on Everi from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Tuesday, April 23rd. Stifel Nicolaus cut their price target on shares of Everi from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. StockNews.com lowered shares of Everi from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. B. Riley began coverage on shares of Everi in a research note on Friday, April 5th. They issued a "neutral" rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group restated 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. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.60.

Institutional Trading of Everi

Several institutional investors and hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 998 shares during the period. Campbell & CO Investment Adviser LLC raised its position in Everi by 12.3% in 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 purchasing an additional 1,256 shares during the last quarter. Oxford Financial Group LTD. LLC boosted its stake in Everi by 4.3% during the 1st quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider's stock worth $487,000 after purchasing an additional 2,000 shares during the period. Kestra Advisory Services LLC grew its position 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 worth $625,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Everi by 0.5% in the third 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 purchasing an additional 2,472 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.

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