Telsey Advisory Group upgraded shares of Everi Holdings Inc (NYSE:EVRI) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday. Telsey Advisory Group currently has $6.00 price target on the stock, up from their previous price target of $2.50.
Separately, Zacks Investment Research upgraded shares of Everi Holdings from a hold rating to a buy rating and set a $2.50 price objective on the stock in a report on Wednesday, November 30th. Five equities research analysts have rated the stock with a buy rating, Everi Holdings has an average rating of Buy and a consensus target price of $4.45.
Everi Holdings (NYSE:EVRI) traded up 2.58% during mid-day trading on Wednesday, hitting $4.37. 125,649 shares of the stock were exchanged. Everi Holdings has a 52 week low of $1.13 and a 52 week high of $4.47. The stock’s 50-day moving average is $3.24 and its 200 day moving average is $2.58.
Everi Holdings (NYSE:EVRI) last released its quarterly earnings data on Tuesday, March 14th. The company reported ($3.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $3.10. Everi Holdings had a negative return on equity of 4.76% and a negative net margin of 14.04%. The business had revenue of $217.50 million for the quarter, compared to analyst estimates of $211.68 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts forecast that Everi Holdings will post ($0.45) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Sound Point Capital Management LP purchased a new stake in Everi Holdings during the fourth quarter valued at about $4,132,000. Lafitte Capital Management LP purchased a new stake in Everi Holdings during the fourth quarter valued at about $1,085,000. Renaissance Technologies LLC raised its stake in Everi Holdings by 25.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,443,300 shares of the company’s stock valued at $3,132,000 after buying an additional 297,100 shares during the last quarter. 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 company’s stock valued at $7,086,000 after buying an additional 281,429 shares during the last quarter. Finally, Putnam Investments LLC raised its stake in Everi Holdings by 42.1% in the fourth quarter. Putnam Investments LLC now owns 762,414 shares of the company’s stock valued at $1,654,000 after buying an additional 225,700 shares during the last quarter. Hedge funds and other institutional investors own 57.81% of the company’s stock.
About Everi Holdings
Everi Holdings Inc, formerly Global Cash Access Holdings, Inc, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc and Everi Payments Inc It provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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