Everi (NYSE:EVRI) Price Target Increased to $14.25 by Analysts at B. Riley

Everi (NYSE:EVRI) had its price target lifted by B. Riley from $11.00 to $14.25 in a report issued on Monday, Benzinga reports. The firm currently has a neutral rating on the credit services provider’s stock. B. Riley also issued estimates for Everi’s Q4 2024 earnings at $0.19 EPS, Q3 2025 earnings at $0.20 EPS and Q4 2025 earnings at $0.21 EPS.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus reissued a hold rating and set a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Truist Financial dropped their target price on shares of Everi from $11.00 to $10.00 and set a hold rating for the company in a report on Thursday, July 18th. Finally, Raymond James restated a market perform rating on shares of Everi in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of Hold and an average target price of $13.50.

Everi Price Performance

Shares of NYSE:EVRI traded up $0.02 during midday trading on Monday, reaching $12.89. 2,348,811 shares of the company’s stock traded hands, compared to its average volume of 1,701,420. The company has a market cap of $1.08 billion, a P/E ratio of 19.84 and a beta of 2.19. The company has a fifty day simple moving average of $8.68 and a two-hundred day simple moving average of $9.18. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.96 and a current ratio of 1.05. Everi has a 1 year low of $6.37 and a 1 year high of $15.13.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.12). Everi had a net margin of 7.59% and a return on equity of 30.41%. The company had revenue of $189.30 million for the quarter, compared to analysts’ expectations of $188.82 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts predict that Everi will post 0.64 EPS for the current fiscal year.

Insider Activity

In other Everi news, Chairman Michael D. Rumbolz sold 5,040 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $7.60, for a total value of $38,304.00. Following the transaction, the chairman now directly owns 1,082,062 shares in the company, valued at approximately $8,223,671.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Everi news, Chairman Michael D. Rumbolz sold 5,040 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $7.60, for a total transaction of $38,304.00. Following the completion of the sale, the chairman now owns 1,082,062 shares of the company’s stock, valued at $8,223,671.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Mark F. Labay sold 5,120 shares of Everi stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $7.68, for a total value of $39,321.60. Following the completion of the sale, the chief financial officer now owns 159,660 shares in the company, valued at approximately $1,226,188.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,043 shares of company stock valued at $344,022. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of Everi by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after buying an additional 745,022 shares in the last quarter. Private Capital Management LLC increased its stake in Everi by 38.6% during the fourth quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock worth $26,251,000 after purchasing an additional 648,696 shares during the period. Breach Inlet Capital Management LLC acquired a new stake in shares of Everi during the fourth quarter worth about $6,051,000. Grizzlyrock Capital LLC purchased a new position in shares of Everi in the fourth quarter valued at approximately $5,781,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Everi by 54.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,094,062 shares of the credit services provider’s stock valued at $10,995,000 after purchasing an additional 387,118 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Everi

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.