Insider Selling: Everi Holdings Inc. (NYSE:EVRI) CAO Sells 15,000 Shares of Stock

Everi Holdings Inc. (NYSE:EVRI) CAO Todd A. Valli sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total transaction of $120,750.00. Following the completion of the sale, the chief accounting officer now directly owns 49,440 shares of the company’s stock, valued at approximately $397,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Everi Trading Down 1.5 %

NYSE:EVRI opened at $8.04 on Friday. The firm has a market capitalization of $673.59 million, a price-to-earnings ratio of 8.93 and a beta of 2.09. Everi Holdings Inc. has a 1-year low of $7.97 and a 1-year high of $17.85. The business’s 50-day moving average price is $9.34 and its two-hundred day moving average price is $10.36. 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 released 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 the consensus estimate of $200.99 million. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts expect that Everi Holdings Inc. will post 0.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on EVRI. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price objective (down from $18.00) on shares of Everi in a research report on Friday, March 1st. StockNews.com lowered Everi from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. B. Riley assumed coverage on shares of Everi in a research report on Friday, April 5th. They set a “neutral” rating and a $12.00 target price on the stock. Finally, Truist Financial lowered their price target on shares of Everi from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Everi presently has an average rating of “Hold” and a consensus price target of $13.00.

Hedge Funds Weigh In On Everi

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in shares of Everi in the 4th quarter valued at approximately $52,000. Principal Financial Group Inc. acquired a new position in shares of Everi in the third quarter valued at approximately $136,000. LSV Asset Management bought a new stake in shares of Everi during the fourth quarter worth $121,000. AXQ Capital LP acquired a new stake in shares of Everi during the third quarter worth $142,000. Finally, Oak Thistle LLC bought a new stake in Everi in the 4th quarter valued at $124,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Company Profile

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.