In yesterday’s Wall Street session, Everi Holdings Inc. (NYSE:EVRI) shares traded at $14.92, up 3.18% from the previous session.
8 analysts cover Everi Holdings Inc. (NYSE:EVRI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $23.00, we find $25.00. Given the previous closing price of $14.46, this indicates a potential upside of 72.89 percent. EVRI stock price is now 0.19% away from the 50-day moving average and -9.00% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
The stock has received a hold rating from 0 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $25.25 as their price target over the next twelve months.
In other news, JUDGE GEOFFREY P, Director sold 10,000 shares of the company’s stock on Jun 12. The stock was sold for $157,400 at an average price of $15.74. Upon completion of the transaction, the Director now directly owns 61,572 shares in the company, valued at $0.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, EVP, Sales, Marketing, Digital Lucchese David sold 38,398 shares of the business’s stock. A total of $714,587 was realized by selling the stock at an average price of $18.61. This leaves the insider owning 167,287 shares of the company worth $2.5 million. Insiders disposed of 440,406 shares of company stock worth roughly $6.57 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVRI stock. A new stake in Everi Holdings Inc. shares was purchased by SIMCOE CAPITAL MANAGEMENT, LLC during the first quarter worth $63,053,000. ARROWMARK COLORADO HOLDINGS LLC invested $14,647,000 in shares of EVRI during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Everi Holdings Inc. valued at approximately $3,252,000. STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in EVRI for approximately $1,688,000. ALPHA PARADIGM PARTNERS, LLC purchased a new stake in EVRI valued at around $1,358,000 in the second quarter. In total, there are 315 active investors with 90.10% ownership of the company’s stock.
On Monday morning Everi Holdings Inc. (NYSE: EVRI) stock kicked off with the opening price of $14.55. During the past 12 months, Everi Holdings Inc. has had a low of $13.52 and a high of $21.11. As of last week, the company has a debt-to-equity ratio of 3.81, a current ratio of 1.30, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $1.97B, which is based on a 12.28 price-to-earnings ratio, a 0.61 price-to-earnings-growth ratio, and a beta of 2.29. The fifty day moving average price for EVRI is $14.89 and a two-hundred day moving average price translates $16.40 for the stock.
The latest earnings results from Everi Holdings Inc. (NYSE: EVRI) was released for Mar, 2023. According to the Gambling Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.22 by 0.08. This compares to $0.31 EPS in the same period last year. The net profit margin was 14.50% and return on equity was 52.30% for EVRI. The company reported revenue of $200.47 million for the quarter, compared to $175.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.15 percent. For the current quarter, analysts expect EVRI to generate $207.27M in revenue.
