Short Interest in Everi Holdings Inc. (NYSE:EVRI) Declines By 14.1%

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 4,450,000 shares, a decrease of 14.1% from the March 15th total of 5,180,000 shares. Approximately 5.5% of the shares of the company are sold short. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is currently 4.0 days.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently bought and sold shares of EVRI. Vanguard Group Inc. increased its stake in Everi by 22.5% in the fourth quarter. Vanguard Group Inc. now owns 7,178,509 shares of the credit services provider's stock valued at $80,902,000 after purchasing an additional 1,318,502 shares in the last quarter. BlackRock Inc. increased its stake in Everi by 9.4% in the second quarter. BlackRock Inc. now owns 6,977,955 shares of the credit services provider's stock valued at $100,901,000 after purchasing an additional 599,505 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Everi by 4.9% in the first quarter. Thrivent Financial for Lutherans now owns 6,002,359 shares of the credit services provider's stock valued at $102,940,000 after purchasing an additional 279,348 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Everi by 36.4% during the third quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider's stock valued at $38,294,000 after buying an additional 772,860 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Everi by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 2,470,016 shares of the credit services provider's stock valued at $27,837,000 after buying an additional 27,319 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EVRI. Jefferies Financial Group reaffirmed a "hold" rating and set a $13.00 target price (down from $18.00) on shares of Everi in a report on Friday, March 1st. B. Riley began coverage on shares of Everi in a report on Friday, April 5th. They set a "neutral" rating and a $12.00 target price on the stock. Truist Financial reaffirmed a "hold" rating and set a $13.00 target price (down from $14.00) on shares of Everi in a report on Friday, March 1st. Finally, StockNews.com lowered shares of Everi from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Four 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.com, the company has an average rating of "Hold" and a consensus target price of $15.60.

Everi Price Performance

Everi stock traded down $0.24 during mid-day trading on Friday, reaching $9.15. The company had a trading volume of 708,318 shares, compared to its average volume of 1,051,323. Everi has a fifty-two week low of $8.74 and a fifty-two week high of $17.85. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The company has a market cap of $766.59 million, a P/E ratio of 10.17 and a beta of 2.05. The business has a fifty day simple moving average of $10.02 and a 200 day simple moving average of $10.76.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly 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). Everi had a return on equity of 42.93% and a net margin of 10.40%. The business had revenue of $192.00 million for the quarter, compared to analyst estimates of $200.99 million. During the same quarter last year, the firm posted $0.28 EPS. Everi's revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts predict that Everi will post 0.99 earnings per share for the current year.

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.