Everi - EVRI Stock Forecast, Price & News

Everi Holdings Inc. provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment. It also provides financial access services, such as funds dispensed, credit card and POS debit card financial access transactions; check warranty; CashClub, a software payments platform that provides gaming establishments with a personal computer workstation software user interface and point-of-sale terminal; CashClub Wallet, a digital payments platform for gaming establishments; fully integrated kiosks that provide multiple functions to the casino floor; loyalty kiosk and related equipment; and other integrated kiosk solutions. In addition, the company offers non-funds dispensing terminals that perform authorizations for credit card financial access and POS debit card financial access transactions; and database services. Further, it provides Everi Compliance solutions to assist casino operators with meeting regulatory requirements; Central Credit, a gaming patron credit bureau service; JackpotXpress, a jackpot payout and tax form management platform; and loyalty platform, as well as support and maintenance services. The company was formerly known as Global Cash Access Holdings, Inc. and changed its name to Everi Holdings Inc. in August 2015. Everi Holdings Inc. was founded in 1998 and is headquartered in Las Vegas, Nevada.

Analysts Set New Price Targets

Several analysts recently commented on EVRI shares. Stifel Nicolaus reduced their target price on Everi from $30.00 to $24.00 in a report on Monday, August 1st. B. Riley dropped their target price on Everi from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, June 28th. Raymond James raised their target price on shares of Everi from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 4th. Truist Financial lowered their price objective on Everi from $32.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, July 20th. Finally, StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a report on Friday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $28.75.

Everi Price Performance

Shares of NYSE:EVRI traded up $0.47 during midday trading on Friday, reaching $20.88. 392,468 shares of the company's stock traded hands, compared to its average volume of 537,200. Everi has a 1 year low of $15.05 and a 1 year high of $26.61. The company has a market cap of $1.88 billion, a P/E ratio of 13.13 and a beta of 2.50. The company has a debt-to-equity ratio of 4.81, a quick ratio of 1.06 and a current ratio of 1.18. The company has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $19.15.

Everi (NYSE:EVRI - Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The credit services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $175.60 million during the quarter, compared to the consensus estimate of $169.38 million. Everi had a net margin of 21.84% and a return on equity of 73.32%. The company's revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Equities analysts predict that Everi will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 1,424 shares of the business's stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $18.00, for a total transaction of $25,632.00. Following the completion of the sale, the director now owns 51,572 shares in the company, valued at approximately $928,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Geoffrey P. Judge sold 1,424 shares of the firm's stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total transaction of $25,632.00. Following the transaction, the director now owns 51,572 shares in the company, valued at $928,296. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $20.00, for a total transaction of $60,000.00. Following the completion of the sale, the director now owns 51,572 shares of the company's stock, valued at approximately $1,031,440. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,424 shares of company stock worth $142,632. Insiders own 4.60% of the company's stock.