Truist Financial Trims Everi (NYSE:EVRI) Target Price to $11.00

Everi (NYSE:EVRI) had its price target reduced by Truist Financial from $13.00 to $11.00 in a report released on Tuesday, Benzinga reports. Truist Financial currently has a hold rating on the credit services provider’s stock.

Other equities analysts also recently issued research reports about the company. 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 research report on Friday, March 1st. B. Riley assumed coverage on Everi in a research report on Friday, April 5th. They set a neutral rating and a $12.00 target price for the company. Finally, StockNews.com downgraded Everi from a buy rating to a hold rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $15.20.

Everi Price Performance

Shares of NYSE:EVRI opened at $8.35 on Tuesday. Everi has a 1-year low of $8.30 and a 1-year high of $17.85. The firm has a market capitalization of $699.14 million, a PE ratio of 9.27 and a beta of 2.05. The business’s 50 day moving average is $9.73 and its 200-day moving average is $10.55. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28.

Everi (NYSE:EVRI) last announced its quarterly earnings data 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). 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 period in the previous year, the business posted $0.28 EPS. Everi’s revenue for the quarter was down 6.5% compared to the same quarter last year. Sell-side analysts predict that Everi will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Everi

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Everi by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock valued at $77,469,000 after purchasing an additional 64,529 shares during the last quarter. American Century Companies Inc. raised its position in Everi by 36.4% in the 3rd quarter. American Century Companies Inc. now owns 2,896,663 shares of the credit services provider’s stock valued at $38,294,000 after purchasing an additional 772,860 shares during the last quarter. Private Capital Management LLC raised its position in Everi by 38.6% in the 4th quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock valued at $26,251,000 after purchasing an additional 648,696 shares during the last quarter. 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 acquiring an additional 57,275 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Everi by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after acquiring an additional 745,022 shares during the last quarter. 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.