Insider Selling: Everi Holdings Inc. (NYSE:EVRI) EVP Sells 45,000 Shares of Stock

Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons sold 45,000 shares of Everi stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the completion of the sale, the executive vice president now directly owns 152,550 shares of the company’s stock, valued at $1,231,078.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Everi Stock Down 1.5 %

NYSE:EVRI opened at $8.04 on Friday. Everi Holdings Inc. has a 12-month low of $7.97 and a 12-month high of $17.85. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $673.59 million, a P/E ratio of 8.93 and a beta of 2.09. The stock’s fifty day simple moving average is $9.34 and its 200-day simple moving average is $10.36.

Everi (NYSE:EVRI) last posted its quarterly earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) 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 company had revenue of $192.00 million during the quarter, compared to the consensus estimate of $200.99 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts expect that Everi Holdings Inc. will post 0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Everi by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 966,219 shares of the credit services provider’s stock worth $12,773,000 after acquiring an additional 50,147 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Everi by 25.8% during the third quarter. Clearbridge Investments LLC now owns 1,464,290 shares of the credit services provider’s stock worth $19,358,000 after acquiring an additional 300,028 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Everi by 1.1% in the third quarter. Vanguard Group Inc. now owns 5,860,007 shares of the credit services provider’s stock valued at $77,469,000 after purchasing an additional 64,529 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in shares of Everi by 66.7% in the third quarter. Heartland Advisors Inc. now owns 500,000 shares of the credit services provider’s stock valued at $6,610,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Everi by 2.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,156,636 shares of the credit services provider’s stock valued at $28,511,000 after purchasing an additional 57,275 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.