Analysts Set Everi Holdings Inc. (NYSE:EVRI) Price Target at $15.60

Everi Holdings Inc. (NYSE:EVRI) has received a consensus rating of “Moderate Buy” from the four brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.60.

Several analysts recently weighed in on EVRI shares. B. Riley initiated coverage on Everi in a research note 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 report on Friday, March 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price target (down previously from $18.00) on shares of Everi in a research note on Friday, March 1st. Finally, Truist Financial reissued a “hold” rating and set a $13.00 price objective (down from $14.00) on shares of Everi in a research report on Friday, March 1st.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC lifted its holdings in Everi by 2.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 49,848 shares of the credit services provider’s stock valued at $562,000 after acquiring an additional 998 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Everi by 12.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 11,462 shares of the credit services provider’s stock worth $152,000 after buying an additional 1,256 shares during the last quarter. Kestra Advisory Services LLC grew its position in Everi by 5.4% during the third quarter. Kestra Advisory Services LLC now owns 47,252 shares of the credit services provider’s stock valued at $625,000 after buying an additional 2,425 shares during the period. Bank of New York Mellon Corp increased its holdings in Everi by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 542,725 shares of the credit services provider’s stock valued at $7,175,000 after buying an additional 2,472 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Everi by 1.4% during the third quarter. Swiss National Bank now owns 195,800 shares of the credit services provider’s stock valued at $2,588,000 after buying an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Stock Up 1.2 %

NYSE:EVRI opened at $8.94 on Friday. 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 firm’s 50-day moving average price is $9.82 and its 200-day moving average price is $10.59. The company has a market capitalization of $748.57 million, a PE ratio of 9.93 and a beta of 2.05. Everi has a 1-year low of $8.67 and a 1-year high of $17.85.

Everi (NYSE:EVRI) last posted its quarterly earnings data 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). 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 the consensus estimate of $200.99 million. During the same period in the previous year, the firm earned $0.28 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict that Everi will post 0.97 EPS for the current fiscal year.

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.