Everi (NYSE:EVRI) Stock Rating Upgraded by StockNews.com

Posted by on Apr 13th, 2023

Everi (NYSE:EVRI – Get Rating) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts also recently issued reports on EVRI. TheStreet downgraded Everi from a “b-” rating to a “c” rating in a research report on Wednesday, March 1st. Craig Hallum reduced their target price on Everi from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $28.00.

Everi Stock Performance

Shares of Everi stock opened at $16.37 on Thursday. The company has a debt-to-equity ratio of 4.47, a current ratio of 1.12 and a quick ratio of 1.03. Everi has a 12 month low of $13.52 and a 12 month high of $21.11. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.42 and a beta of 2.34. The business has a 50-day moving average of $17.71 and a 200 day moving average of $16.86.

Everi (NYSE:EVRI – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The credit services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $197.55 million. Everi had a return on equity of 55.43% and a net margin of 15.06%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. As a group, sell-side analysts forecast that Everi will post 1.32 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Geoffrey P. Judge sold 6,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $18.58, for a total value of $111,480.00. Following the completion of the sale, the director now owns 61,572 shares of the company’s stock, valued at $1,144,007.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Everi news, Director Geoffrey P. Judge sold 6,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.58, for a total value of $111,480.00. Following the completion of the sale, the director now owns 61,572 shares of the company’s stock, valued at $1,144,007.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Todd A. Valli sold 5,235 shares of Everi stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.58, for a total value of $97,266.30. Following the completion of the transaction, the chief accounting officer now owns 38,819 shares in the company, valued at $721,257.02. The disclosure for this sale can be found here. Insiders have sold 49,633 shares of company stock worth $923,333 in the last three months. 4.60% of the stock is currently owned by insiders.

Institutional Trading of Everi

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. raised its holdings in Everi by 42.9% in the 3rd 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 period. Cowa LLC bought a new position in shares of Everi during the third quarter worth approximately $41,000. Point72 Middle East FZE bought a new position in shares of Everi during the fourth quarter worth approximately $60,000. Lazard Asset Management LLC increased its stake in Everi by 7,296.6% in the first quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider’s stock valued at $91,000 after acquiring an additional 4,305 shares during the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in Everi in the third quarter valued at approximately $78,000. Institutional investors own 87.51% of the company’s stock.

Everi Company Profile

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Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services.

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