Everi Holdings Inc. (NYSE:EVRI) Short Interest Down 8.4% in August

Everi Holdings Inc. (NYSE:EVRIGet Rating) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,180,000 shares, a decrease of 8.4% from the August 15th total of 2,380,000 shares. Based on an average daily volume of 653,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.5% of the shares of the stock are short sold.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $21.00, for a total value of $63,000.00. Following the completion of the transaction, the director now directly owns 51,572 shares in the company, valued at $1,083,012. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Everi news, Chairman Michael D. Rumbolz sold 19,424 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $21.00, for a total value of $407,904.00. Following the completion of the transaction, the chairman now directly owns 981,899 shares in the company, valued at $20,619,879. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $21.00, for a total transaction of $63,000.00. Following the transaction, the director now owns 51,572 shares of the company’s stock, valued at approximately $1,083,012. The disclosure for this sale can be found here. Insiders sold a total of 29,848 shares of company stock worth $613,536 over the last three months. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of Everi

A number of institutional investors have recently bought and sold shares of the stock. Prelude Capital Management LLC boosted its stake in Everi by 9.0% in the 2nd quarter. Prelude Capital Management LLC now owns 11,169 shares of the credit services provider’s stock worth $182,000 after purchasing an additional 924 shares in the last quarter. Captrust Financial Advisors increased its holdings in Everi by 0.8% in the 2nd quarter. Captrust Financial Advisors now owns 66,624 shares of the credit services provider’s stock worth $1,087,000 after acquiring an additional 530 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in Everi by 33.0% in the 2nd quarter. ExodusPoint Capital Management LP now owns 214,778 shares of the credit services provider’s stock worth $3,503,000 after acquiring an additional 53,334 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Everi by 63.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 294,788 shares of the credit services provider’s stock worth $4,808,000 after acquiring an additional 114,584 shares in the last quarter. Finally, Advisory Research Inc. increased its holdings in Everi by 145.5% in the 2nd quarter. Advisory Research Inc. now owns 34,271 shares of the credit services provider’s stock worth $559,000 after acquiring an additional 20,310 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Everi Trading Down 2.1 %

EVRI stock opened at $17.04 on Thursday. The company has a market capitalization of $1.53 billion, a PE ratio of 10.72 and a beta of 2.48. Everi has a 12 month low of $15.05 and a 12 month high of $26.61. The firm’s 50-day moving average is $18.93 and its 200 day moving average is $18.57. The company has a debt-to-equity ratio of 4.81, a current ratio of 1.18 and a quick ratio of 1.06.

Everi (NYSE:EVRIGet Rating) last posted its earnings results on Wednesday, August 3rd. The credit services provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $197.22 million for the quarter, compared to the consensus estimate of $182.21 million. Everi had a net margin of 21.84% and a return on equity of 73.32%. On average, research analysts anticipate that Everi will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

EVRI has been the subject of several research reports. Raymond James increased their price objective on shares of Everi from $23.00 to $26.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 4th. Stifel Nicolaus lowered their price objective on shares of Everi from $30.00 to $24.00 in a research report on Monday, August 1st. B. Riley lowered their price objective on shares of Everi from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, June 28th. Truist Financial reduced their target price on shares of Everi from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Finally, StockNews.com raised shares of Everi from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 8th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Everi has a consensus rating of “Buy” and an average price target of $28.75.

About Everi

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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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