Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price objective (down previously from $18.00) on shares of Everi in a report on Friday, March 1st. Truist Financial reissued a “hold” rating and issued a $13.00 price objective (down previously from $14.00) on shares of Everi in a report on Friday, March 1st. B. Riley assumed coverage on shares of Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, StockNews.com downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.60.

Everi Price Performance

NYSE EVRI opened at $9.22 on Tuesday. Everi has a 12 month low of $8.74 and a 12 month high of $17.85. The stock has a market cap of $772.03 million, a price-to-earnings ratio of 10.24 and a beta of 2.05. The company’s 50 day moving average is $10.00 and its two-hundred day moving average is $10.73. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28.

Everi (NYSE:EVRI) last released its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). The company had revenue of $192.00 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.28 EPS. As a group, research analysts anticipate that Everi will post 0.99 earnings per share for the current year.

Institutional Investors Weigh In On Everi

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position 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 valued at $80,902,000 after buying an additional 1,318,502 shares during the last quarter. BlackRock Inc. grew its holdings in shares of 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 grew its holdings in shares of 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% in 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 purchasing an additional 772,860 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Everi by 1.1% in 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 purchasing an additional 27,319 shares in the last quarter. Institutional investors 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.