Analysts Set Everi Holdings Inc (EVRI) Price Target at $10.13

Shares of Everi Holdings Inc (NYSE:EVRI) have been given a consensus rating of “Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.13.

A number of research analysts have recently weighed in on the company. ValuEngine raised Everi from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Zacks Investment Research cut Everi from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Raymond James assumed coverage on Everi in a research report on Sunday, December 9th. They set a “strong-buy” rating and a $6.52 price objective on the stock. Finally, SunTrust Banks assumed coverage on Everi in a research report on Monday, February 11th. They set a “buy” rating and a $9.00 price objective on the stock.

Several hedge funds have recently bought and sold shares of EVRI. Indaba Capital Management L.P. lifted its holdings in Everi by 52.4% in the 3rd quarter. Indaba Capital Management L.P. now owns 5,049,680 shares of the credit services provider’s stock worth $46,306,000 after purchasing an additional 1,735,163 shares in the last quarter. Moab Capital Partners LLC lifted its holdings in Everi by 132.5% in the 4th quarter. Moab Capital Partners LLC now owns 2,019,080 shares of the credit services provider’s stock worth $10,398,000 after purchasing an additional 1,150,631 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Everi by 17.5% in the 4th quarter. Eagle Asset Management Inc. now owns 5,929,002 shares of the credit services provider’s stock worth $30,534,000 after purchasing an additional 881,373 shares in the last quarter. Citigroup Inc. lifted its holdings in Everi by 1,366.6% in the 4th quarter. Citigroup Inc. now owns 797,784 shares of the credit services provider’s stock worth $4,108,000 after purchasing an additional 743,386 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Everi by 23.8% in the 3rd quarter. Renaissance Technologies LLC now owns 3,237,299 shares of the credit services provider’s stock worth $29,686,000 after purchasing an additional 621,899 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:EVRI opened at $10.52 on Wednesday. The stock has a market capitalization of $739.77 million, a price-to-earnings ratio of 105.20, a PEG ratio of 3.00 and a beta of 1.83. Everi has a 52-week low of $4.76 and a 52-week high of $10.69.

Everi (NYSE:EVRI) last announced its earnings results on Tuesday, March 12th. The credit services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Everi had a negative return on equity of 6.27% and a net margin of 2.63%. The business had revenue of $119.50 million for the quarter, compared to analysts’ expectations of $113.37 million. As a group, equities analysts anticipate that Everi will post 0.18 EPS for the current fiscal year.

About Everi

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.

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