Everi (NYSE:EVRI) Reaches New 52-Week Low at $8.15

Everi Holdings Inc. (NYSE:EVRI) hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.15 and last traded at $8.17, with a volume of 420809 shares traded. The stock had previously closed at $8.47.

Analyst Ratings Changes

Several research analysts have commented on EVRI shares. 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 report on Tuesday, April 23rd. B. Riley started coverage on Everi in a research report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target on the stock. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, 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 report on Friday, March 1st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Everi presently has a consensus rating of “Hold” and a consensus target price of $15.20.

Everi Trading Up 1.5 %

The firm has a market capitalization of $683.64 million, a P/E ratio of 8.93 and a beta of 2.09. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 4.28. The business has a 50-day moving average price of $9.46 and a 200-day moving average price of $10.40.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.19). The company had revenue of $192.00 million during the quarter, compared to analyst estimates of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. Everi’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. Analysts anticipate that Everi Holdings Inc. will post 0.92 earnings per share for the current year.

Institutional Trading of Everi

Several institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in Everi by 44.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider’s stock valued at $483,000 after buying an additional 14,783 shares in the last quarter. Caas Capital Management LP acquired a new stake in Everi in the 1st quarter valued at $237,000. Prairiewood Capital LLC acquired a new position in Everi in the first quarter worth $287,000. Equitable Trust Co. grew its holdings in shares of Everi by 6.5% during the first quarter. Equitable Trust Co. now owns 88,899 shares of the credit services provider’s stock worth $893,000 after purchasing an additional 5,435 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Everi by 54.8% during the first quarter. Assenagon Asset Management S.A. now owns 1,094,062 shares of the credit services provider’s stock worth $10,995,000 after purchasing an additional 387,118 shares during 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.