Everi (NYSE:EVRI) Reaches New 1-Year Low at $8.67

Everi Holdings Inc. (NYSE:EVRI) reached a new 52-week low on Wednesday . The company traded as low as $8.67 and last traded at $8.75, with a volume of 488646 shares traded. The stock had previously closed at $8.89.

Analysts Set New Price Targets

EVRI has been the topic of a number of research reports. Truist Financial reaffirmed a “hold” rating and issued a $13.00 price target (down from $14.00) on shares of Everi in a research note on Friday, March 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price target (down from $18.00) on shares of Everi in a research note on Friday, March 1st. StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, B. Riley assumed coverage on shares of Everi in a report on Friday, April 5th. They set a “neutral” rating and a $12.00 price target for the company. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.60.

Everi Trading Down 0.1 %

The company has a debt-to-equity ratio of 4.28, a current ratio of 1.05 and a quick ratio of 0.97. The company’s 50 day moving average is $9.90 and its two-hundred day moving average is $10.67. The firm has a market cap of $739.78 million, a P/E ratio of 9.80 and a beta of 2.05.

Everi (NYSE:EVRI) last released its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The company had revenue of $192.00 million during the quarter, compared to the consensus estimate of $200.99 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts predict that Everi Holdings Inc. will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Everi by 22.5% during the fourth quarter. Vanguard Group Inc. now owns 7,178,509 shares of the credit services provider’s stock worth $80,902,000 after buying an additional 1,318,502 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Everi by 9.4% during the second quarter. BlackRock Inc. now owns 6,977,955 shares of the credit services provider’s stock worth $100,901,000 after buying an additional 599,505 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Everi by 4.9% during the first quarter. Thrivent Financial for Lutherans now owns 6,002,359 shares of the credit services provider’s stock worth $102,940,000 after buying an additional 279,348 shares in the last quarter. American Century Companies Inc. increased 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 worth $38,294,000 after buying an additional 772,860 shares in the last quarter. Finally, Nuveen Asset Management LLC increased 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 worth $27,837,000 after buying an additional 27,319 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.