Everi Holdings (NYSE:EVRI) traded down 1.2% during mid-day trading on Thursday . The stock traded as low as $7.55 and last traded at $7.64. 39,394 shares were traded during trading, a decline of 93% from the average session volume of 586,351 shares. The stock had previously closed at $7.55.
Several equities research analysts have recently issued reports on the company. Telsey Advisory Group assumed coverage on Everi in a report on Tuesday, March 13th. They set an “outperform” rating and a $10.00 price objective on the stock. ValuEngine upgraded Everi from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut Everi from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Jefferies Group assumed coverage on Everi in a report on Tuesday, February 20th. They set a “buy” rating and a $11.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Everi currently has a consensus rating of “Buy” and an average price target of $10.67.
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The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of -8.25. The stock has a market capitalization of $553.64 million, a price-to-earnings ratio of -24.58 and a beta of 1.15.
Everi (NYSE:EVRI) last issued its earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The company had revenue of $247.86 million during the quarter, compared to analyst estimates of $231.70 million. analysts predict that Everi Holdings will post -0.09 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of EVRI. Stone Ridge Asset Management LLC purchased a new position in Everi in the fourth quarter valued at about $120,000. Ladenburg Thalmann Financial Services Inc. raised its position in Everi by 740.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 14,800 shares during the period. Teacher Retirement System of Texas purchased a new position in Everi in the fourth quarter valued at about $177,000. Capital Fund Management S.A. purchased a new position in Everi in the fourth quarter valued at about $190,000. Finally, MetLife Investment Advisors LLC purchased a new position in Everi in the fourth quarter valued at about $238,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.