Everi Holdings Inc. (EVRI) Director Acquires $77,850.00 in Stock
Everi Holdings Inc. (NYSE:EVRI) Director Eileen F. Raney bought 9,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $8.65 per share, for a total transaction of $77,850.00. Following the acquisition, the director now owns 59,000 shares in the company, valued at approximately $510,350. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Everi Holdings Inc. (EVRI) traded down $0.05 during trading hours on Friday, reaching $8.65. The company’s stock had a trading volume of 390,811 shares, compared to its average volume of 790,088. The company has a debt-to-equity ratio of -9.13, a quick ratio of 0.91 and a current ratio of 0.98. Everi Holdings Inc. has a 52-week low of $2.08 and a 52-week high of $8.99.
Everi Holdings (NYSE:EVRI) last announced its earnings results on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $247.32 million for the quarter, compared to analysts’ expectations of $228.37 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 25.82%. Everi Holdings’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) EPS. equities research analysts forecast that Everi Holdings Inc. will post -0.5 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the business. 1st Global Advisors Inc. purchased a new position in shares of Everi Holdings during the 2nd quarter worth $101,000. Alliancebernstein L.P. purchased a new position in shares of Everi Holdings during the 2nd quarter worth $108,000. Crescent Grove Advisors LLC purchased a new position in shares of Everi Holdings during the 2nd quarter worth $109,000. Bank of America Corp DE lifted its stake in shares of Everi Holdings by 7,800.0% during the 1st quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock worth $112,000 after purchasing an additional 23,166 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Everi Holdings during the 2nd quarter worth $121,000. 85.45% of the stock is currently owned by institutional investors.
A number of brokerages have commented on EVRI. BidaskClub upgraded Everi Holdings from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research upgraded Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $11.00 target price on shares of Everi Holdings in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Everi Holdings presently has an average rating of “Buy” and a consensus price target of $7.33.
Everi Holdings Company Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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