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

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

Analyst Ratings Changes

Several analysts have recently commented on EVRI shares. B. Riley started coverage on Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target for the company. Truist Financial reaffirmed a “hold” rating and issued a $13.00 price objective (down from $14.00) on shares of Everi in a research note on Friday, March 1st. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $13.00 price objective (down from $18.00) on shares of Everi in a research note on Friday, March 1st. Four investment 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 Stock 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 firm has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $10.67. The company has a market cap of $739.78 million, a PE ratio of 9.80 and a beta of 2.05.

Everi (NYSE:EVRI) last released its quarterly 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). The company had revenue of $192.00 million for the quarter, compared to analysts’ expectations of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. Research analysts anticipate that Everi Holdings Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Everi

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors grew its position in shares of Everi by 0.8% in the second quarter. Captrust Financial Advisors now owns 66,624 shares of the credit services provider’s stock valued at $1,087,000 after purchasing an additional 530 shares during the period. Barclays PLC boosted its holdings in Everi by 1.7% in the fourth quarter. Barclays PLC now owns 37,565 shares of the credit services provider’s stock valued at $538,000 after acquiring an additional 628 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Everi by 42.9% in the third quarter. Federated Hermes Inc. now owns 2,350 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 706 shares during the last quarter. Prelude Capital Management LLC boosted its holdings in Everi by 9.0% in the second quarter. Prelude Capital Management LLC now owns 11,169 shares of the credit services provider’s stock valued at $182,000 after acquiring an additional 924 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted 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 last quarter. Hedge funds and other 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.