Everi (NYSE:EVRI) Given New $11.00 Price Target at Truist Financial

Everi (NYSE:EVRI - Get Free Report) had its price target lowered by equities researchers at Truist Financial from $13.00 to $11.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a "hold" rating on the credit services provider's stock. Truist Financial's target price would suggest a potential upside of 26.36% from the company's current price.

Other research analysts also recently issued reports about the stock. B. Riley began coverage on shares of 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 reissued a "hold" rating and set a $13.00 price objective (down from $18.00) on shares of Everi in a research report on Friday, March 1st. Finally, StockNews.com downgraded shares of Everi from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $15.20.

Everi Stock Down 2.6 %

Shares of EVRI traded down $0.23 during midday trading on Tuesday, reaching $8.71. The stock had a trading volume of 1,071,901 shares, compared to its average volume of 1,069,146. Everi has a 1-year low of $8.67 and a 1-year high of $17.85. The company's fifty day simple moving average is $9.82 and its two-hundred day simple moving average is $10.59. The company has a market cap of $729.30 million, a price-to-earnings ratio of 9.67 and a beta of 2.05. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.05 and a quick ratio of 0.97.

Everi (NYSE:EVRI - Get Free Report) last posted its earnings results on Thursday, February 29th. The credit services provider reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.19). The company had revenue of $192.00 million during the quarter, compared to analysts' expectations of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. The company's quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. Equities research analysts expect that Everi will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Everi in the 3rd quarter worth $286,000. Exchange Traded Concepts LLC lifted its stake in shares of Everi by 280.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 31,541 shares of the credit services provider's stock worth $417,000 after acquiring an additional 23,249 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Everi in the 3rd quarter worth $126,000. Bank of New York Mellon Corp lifted its stake 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 worth $7,175,000 after acquiring an additional 2,472 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $849,000 after acquiring an additional 30,014 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.