Insider Selling: Everi Holdings Inc. (NYSE:EVRI) Director Sells 30,000 Shares of Stock

Everi Holdings Inc. (NYSE:EVRI) Director Geoffrey P. Judge sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at $748,143.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Everi Price Performance

Shares of EVRI opened at $8.04 on Friday. The firm has a fifty day simple moving average of $9.34 and a two-hundred day simple moving average of $10.36. The firm has a market cap of $673.59 million, a PE ratio of 8.93 and a beta of 2.09. 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 Holdings Inc. has a 1-year low of $7.97 and a 1-year high of $17.85.

Everi (NYSE:EVRI) last posted its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). The firm had revenue of $192.00 million during the quarter, compared to the consensus estimate of $200.99 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. On average, equities analysts anticipate that Everi Holdings Inc. will post 0.92 EPS for the current year.

Institutional Trading of Everi

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in shares of Everi by 44.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider’s stock worth $483,000 after acquiring an additional 14,783 shares during the last quarter. Caas Capital Management LP purchased a new position in Everi during the first quarter valued at $237,000. Prairiewood Capital LLC bought a new stake in Everi during the first quarter valued at about $287,000. Equitable Trust Co. increased its position in Everi by 6.5% in the first quarter. Equitable Trust Co. now owns 88,899 shares of the credit services provider’s stock worth $893,000 after buying an additional 5,435 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Everi by 54.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,094,062 shares of the credit services provider’s stock worth $10,995,000 after buying an additional 387,118 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on EVRI. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 target price (down from $18.00) on shares of Everi in a report on Friday, March 1st. B. Riley began coverage on Everi in a research note on Friday, April 5th. They set a “neutral” rating and a $12.00 target price on the stock. StockNews.com cut Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Truist Financial dropped their price objective on Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.00.

About Everi

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.