Everi (NYSE:EVRI) Shares Down 6.1%

Everi Holdings Inc (NYSE:EVRI) shares traded down 6.1% during mid-day trading on Thursday . The company traded as low as $8.85 and last traded at $9.06, 1,218,277 shares traded hands during mid-day trading. An increase of 35% from the average session volume of 902,166 shares. The stock had previously closed at $9.65.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Everi from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, August 8th. Stifel Nicolaus set a $15.00 target price on Everi and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Raymond James set a $14.00 target price on Everi and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $12.25.

The business has a fifty day simple moving average of $11.55 and a 200-day simple moving average of $10.22. The firm has a market cap of $700.83 million, a price-to-earnings ratio of 90.60, a PEG ratio of 1.62 and a beta of 1.51.

Everi (NYSE:EVRI) last issued its earnings results on Tuesday, August 6th. The credit services provider reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $129.70 million during the quarter, compared to analysts’ expectations of $127.90 million. Everi had a negative return on equity of 10.47% and a net margin of 3.57%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, analysts predict that Everi Holdings Inc will post 0.29 EPS for the current year.

Several hedge funds have recently modified their holdings of EVRI. Northern Trust Corp grew its holdings in Everi by 0.6% in the fourth quarter. Northern Trust Corp now owns 878,647 shares of the credit services provider’s stock valued at $4,525,000 after purchasing an additional 5,654 shares during the period. Geode Capital Management LLC grew its holdings in Everi by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 694,372 shares of the credit services provider’s stock valued at $3,576,000 after purchasing an additional 35,495 shares during the period. Bank of America Corp DE grew its holdings in Everi by 796.6% in the fourth quarter. Bank of America Corp DE now owns 332,335 shares of the credit services provider’s stock valued at $1,713,000 after purchasing an additional 295,268 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Everi by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 22,025 shares of the credit services provider’s stock valued at $113,000 after purchasing an additional 17,201 shares during the period. Finally, Legal & General Group Plc grew its holdings in Everi by 27.9% in the fourth quarter. Legal & General Group Plc now owns 12,040 shares of the credit services provider’s stock valued at $62,000 after purchasing an additional 2,625 shares during the period. 97.62% of the stock is owned by institutional investors.

About Everi (NYSE:EVRI)

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 FinTech. 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.

Read More: Investing strategies using the yield curve

Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.