Insider Selling: Everi Holdings Inc. (NYSE:EVRI) EVP Sells $363,150.00 in Stock

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

Everi Stock Performance

Shares of Everi stock opened at $8.04 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The company has a market cap of $673.58 million, a PE ratio of 8.93 and a beta of 2.09. The company has a 50 day moving average of $9.34 and a 200-day moving average of $10.35. Everi Holdings Inc. has a 1-year low of $7.97 and a 1-year high of $17.85.

Everi (NYSE:EVRI) last released its earnings results 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). The business had revenue of $192.00 million for the quarter, compared to the consensus estimate of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. As a group, equities research analysts forecast that Everi Holdings Inc. will post 0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Everi

Large investors have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new position in Everi during the fourth quarter worth about $52,000. LSV Asset Management acquired a new position in Everi during the 4th quarter worth approximately $121,000. Oak Thistle LLC bought a new position in Everi in the 4th quarter valued at approximately $124,000. Principal Financial Group Inc. acquired a new stake in Everi in the third quarter valued at approximately $136,000. Finally, AXQ Capital LP bought a new stake in shares of Everi during the third quarter worth $142,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.