Everi Holdings Inc (NYSE:EVRI) had its target price lifted by analysts at Stifel Nicolaus from $6.50 to $7.50 in a report released on Wednesday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Stifel Nicolaus’ target price indicates a potential upside of 10.13% from the stock’s previous close.
Several other brokerages have also issued reports on EVRI. Zacks Investment Research raised shares of Everi Holdings from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a report on Tuesday, May 2nd. Craig Hallum raised shares of Everi Holdings from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, March 15th. Finally, Telsey Advisory Group raised shares of Everi Holdings from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $2.50 to $6.00 in a report on Wednesday, March 15th. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $5.80.
Shares of Everi Holdings (NYSE:EVRI) opened at 6.81 on Wednesday. The firm’s 50-day moving average is $5.60 and its 200 day moving average is $3.43. The company’s market capitalization is $450.08 million. Everi Holdings has a 52 week low of $1.13 and a 52 week high of $7.26.
Everi Holdings (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, May 9th. The credit services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $237.50 million for the quarter, compared to analyst estimates of $235.41 million. Everi Holdings had a negative net margin of 14.04% and a negative return on equity of 4.76%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) EPS. On average, analysts anticipate that Everi Holdings will post ($0.34) earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Everi Holdings by 118.4% in the third quarter. Wells Fargo & Company MN now owns 63,451 shares of the credit services provider’s stock worth $157,000 after buying an additional 34,404 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Everi Holdings during the third quarter worth $498,000. Oxford Asset Management acquired a new stake in Everi Holdings during the fourth quarter worth $405,000. Dimensional Fund Advisors LP raised its stake in Everi Holdings by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,234 shares of the credit services provider’s stock worth $7,086,000 after buying an additional 281,429 shares during the last quarter. Finally, Kavi Asset Management LP raised its stake in Everi Holdings by 29.2% in the fourth quarter. Kavi Asset Management LP now owns 685,977 shares of the credit services provider’s stock worth $1,489,000 after buying an additional 155,000 shares during the last quarter. 57.81% of the stock is currently owned by hedge funds and other institutional investors.
About Everi Holdings
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.