Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

Everi Holdings Inc. (NYSE:EVRIGet Rating) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,880,000 shares, a drop of 21.7% from the March 15th total of 2,400,000 shares. Based on an average trading volume of 699,000 shares, the days-to-cover ratio is presently 2.7 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVRI. Arizona State Retirement System increased its stake in Everi by 2.8% during the 3rd quarter. Arizona State Retirement System now owns 24,004 shares of the credit services provider’s stock worth $580,000 after acquiring an additional 646 shares during the period. Caxton Associates LP boosted its holdings in shares of Everi by 4.2% during the 3rd quarter. Caxton Associates LP now owns 17,731 shares of the credit services provider’s stock valued at $429,000 after acquiring an additional 710 shares in the last quarter. Comerica Bank boosted its holdings in shares of Everi by 1.4% during the 4th quarter. Comerica Bank now owns 59,797 shares of the credit services provider’s stock valued at $1,179,000 after acquiring an additional 827 shares in the last quarter. K.J. Harrison & Partners Inc boosted its holdings in shares of Everi by 0.9% during the 4th quarter. K.J. Harrison & Partners Inc now owns 111,000 shares of the credit services provider’s stock valued at $2,374,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Everi during the 4th quarter valued at $25,000. 89.99% of the stock is owned by institutional investors.

EVRI has been the subject of several research reports. Raymond James reduced their price target on Everi from $33.00 to $30.00 and set a “strong-buy” rating for the company in a report on Tuesday, January 11th. StockNews.com began coverage on Everi in a report on Thursday, March 31st. They issued a “buy” rating for the company. TheStreet upgraded Everi from a “c” rating to a “b” rating in a report on Friday, April 1st. Zacks Investment Research downgraded Everi from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. Finally, Roth Capital initiated coverage on Everi in a research report on Tuesday, April 5th. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Everi presently has an average rating of “Buy” and an average price target of $29.33.

NYSE:EVRI opened at $19.32 on Monday. The company has a debt-to-equity ratio of 5.59, a quick ratio of 1.11 and a current ratio of 1.17. The company has a market cap of $1.77 billion, a PE ratio of 12.71 and a beta of 2.64. Everi has a 52-week low of $13.38 and a 52-week high of $26.61. The stock has a 50-day simple moving average of $21.62 and a 200 day simple moving average of $21.87.

Everi (NYSE:EVRIGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The credit services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Everi had a net margin of 23.16% and a return on equity of 144.70%. The company had revenue of $180.40 million for the quarter, compared to analyst estimates of $167.49 million. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 50.8% on a year-over-year basis. On average, research analysts predict that Everi will post 1.29 earnings per share for the current fiscal year.

Everi Company Profile (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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