Brokerages Set Everi Holdings Inc. (NYSE:EVRI) Target Price at $28.00

Shares of Everi Holdings Inc. (NYSE:EVRI – Get Rating) have been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.00.

Several equities analysts have recently weighed in on the company. TheStreet downgraded Everi from a “b-” rating to a “c” rating in a report on Wednesday. Craig Hallum dropped their price target on shares of Everi from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, January 17th. Finally, StockNews.com downgraded shares of Everi from a “strong-buy” rating to a “buy” rating in a report on Friday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EVRI. Federated Hermes Inc. grew its holdings in shares of Everi by 42.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,350 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 706 shares during the period. Cowa LLC purchased a new position in shares of Everi in the 3rd quarter valued at about $41,000. Point72 Middle East FZE purchased a new position in shares of Everi in the 4th quarter valued at about $60,000. Meeder Asset Management Inc. purchased a new position in shares of Everi in the 2nd quarter valued at about $65,000. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Everi during the 3rd quarter worth about $78,000. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Everi Price Performance

Shares of NYSE EVRI opened at $19.00 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 4.47. The firm has a market capitalization of $1.68 billion, a P/E ratio of 15.57 and a beta of 2.39. The stock’s 50-day simple moving average is $17.00 and its two-hundred day simple moving average is $17.18. Everi has a twelve month low of $13.52 and a twelve month high of $22.78.

Everi (NYSE:EVRI – Get Rating) last issued its earnings results on Wednesday, March 1st. The credit services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $197.55 million. Everi had a return on equity of 55.43% and a net margin of 15.06%. Everi’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. As a group, equities analysts anticipate that Everi will post 1.02 EPS for the current fiscal year.

Everi Company Profile

(Get Rating)

Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive and gaming industry. It operates through the following segments: Games and FinTech. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions and ancillary products and services.