Everi Holdings Inc. (NYSE:EVRI) EVP Sells $11,851.08 in Stock

Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons sold 1,619 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $7.32, for a total value of $11,851.08. Following the sale, the executive vice president now owns 197,322 shares in the company, valued at approximately $1,444,397.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Darren Simmons also recently made the following trade(s):

• On Wednesday, May 1st, Darren Simmons sold 45,000 shares of Everi stock. The stock was sold at an average price of $8.07, for a total value of $363,150.00.

Everi Trading Down 7.4 %

Shares of EVRI opened at $6.68 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 4.18. Everi Holdings Inc. has a 12-month low of $6.63 and a 12-month high of $16.08. The firm has a market capitalization of $561.23 million, a PE ratio of 10.27 and a beta of 2.09. The stock’s fifty day simple moving average is $8.66 and its 200-day simple moving average is $10.02.

Everi (NYSE:EVRI) last released its earnings results on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.12). Everi had a net margin of 7.59% and a return on equity of 30.41%. The company had revenue of $189.30 million during the quarter, compared to analyst estimates of $188.82 million. During the same period in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, research analysts predict that Everi Holdings Inc. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com cut Everi from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Jefferies Financial Group restated a “hold” rating and set a $13.00 target price (down previously from $18.00) on shares of Everi in a report on Friday, March 1st. Truist Financial decreased their target price on Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. B. Riley began coverage on Everi in a report on Friday, April 5th. They set a “neutral” rating and a $12.00 target price on the stock. Finally, Stifel Nicolaus cut their price target on Everi from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.60.

Hedge Funds Weigh In On Everi

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Everi by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 966,219 shares of the credit services provider’s stock valued at $12,773,000 after buying an additional 50,147 shares during the period. Clearbridge Investments LLC raised its position in shares of Everi by 25.8% during the third quarter. Clearbridge Investments LLC now owns 1,464,290 shares of the credit services provider’s stock worth $19,358,000 after purchasing an additional 300,028 shares during the period. Vanguard Group Inc. raised its position in shares of Everi by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock worth $77,469,000 after purchasing an additional 64,529 shares during the period. Heartland Advisors Inc. raised its position in shares of Everi by 66.7% during the third quarter. Heartland Advisors Inc. now owns 500,000 shares of the credit services provider’s stock worth $6,610,000 after purchasing an additional 200,000 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Everi by 2.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,156,636 shares of the credit services provider’s stock worth $28,511,000 after purchasing an additional 57,275 shares during the period. Institutional investors and hedge funds 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.