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

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price objective (down previously from $18.00) on shares of Everi in a research note on Friday, March 1st. StockNews.com lowered shares of Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. B. Riley assumed coverage on shares of Everi in a research note on Friday, April 5th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Truist Financial cut their price objective on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.20.

Everi Trading Up 1.5 %

The stock has a market capitalization of $683.64 million, a price-to-earnings ratio of 8.93 and a beta of 2.09. The company’s 50-day moving average is $9.46 and its 200-day moving average is $10.40. The company has a quick ratio of 0.97, a current ratio of 1.05 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). Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm had revenue of $192.00 million for the quarter, compared to analyst estimates of $200.99 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Everi’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts anticipate that Everi Holdings Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new stake in shares of Everi during the 4th quarter worth approximately $52,000. Principal Financial Group Inc. purchased a new stake in shares of Everi during the 3rd quarter worth approximately $136,000. LSV Asset Management purchased a new stake in shares of Everi during the 4th quarter worth approximately $121,000. AXQ Capital LP acquired a new position in shares of Everi in the 3rd quarter valued at $142,000. Finally, Oak Thistle LLC acquired a new position in Everi in the 4th quarter valued at $124,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Company Profile

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.