Everi Holdings Inc. (NYSE:EVRI) Receives $31.50 Average PT from Analysts

Shares of Everi Holdings Inc. (NYSE:EVRIGet Rating) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.50.

EVRI has been the topic of a number of research analyst reports. Roth Capital initiated coverage on shares of Everi in a research note on Tuesday, April 5th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Everi from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 19th. B. Riley dropped their price objective on shares of Everi from $40.00 to $36.00 in a report on Tuesday, May 17th. Finally, TheStreet upgraded shares of Everi from a “c” rating to a “b” rating in a report on Friday, April 1st.

Shares of Everi stock opened at $16.06 on Friday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 9.91 and a beta of 2.61. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 4.60. Everi has a 12-month low of $15.05 and a 12-month high of $26.61. The firm’s 50-day moving average price is $17.30 and its two-hundred day moving average price is $19.77.

Everi (NYSE:EVRIGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Everi had a net margin of 23.52% and a return on equity of 98.81%. The company had revenue of $175.60 million for the quarter, compared to the consensus estimate of $169.38 million. During the same period last year, the company posted $0.21 EPS. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. On average, sell-side analysts expect that Everi will post 1.33 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Everi during the 4th quarter valued at $25,000. Counterpoint Mutual Funds LLC bought a new position in shares of Everi during the 4th quarter worth about $28,000. Dark Forest Capital Management LP bought a new position in shares of Everi during the 3rd quarter worth about $47,000. Private Capital Group LLC bought a new position in shares of Everi during the 1st quarter worth about $51,000. Finally, Lazard Asset Management LLC boosted its position in shares of Everi by 7,296.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider’s stock worth $91,000 after purchasing an additional 4,305 shares in the last quarter. Hedge funds and other institutional investors own 88.40% of the company’s stock.

About Everi (Get Rating)

Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.

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Analyst Recommendations for Everi (NYSE:EVRI)

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