Everi Holdings Inc. (NYSE:EVRI) Short Interest Update

Everi Holdings Inc. (NYSE:EVRI) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,060,000 shares, an increase of 6.3% from the August 31st total of 2,880,000 shares. Based on an average daily volume of 2,180,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 3.7% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, CEO Randy L. Taylor sold 29,222 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the sale, the chief executive officer now directly owns 794,822 shares of the company’s stock, valued at $10,292,944.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Everi news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares in the company, valued at $10,292,944.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,417 shares of company stock valued at $1,713,281. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently made changes to their positions in EVRI. Signaturefd LLC raised its position in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares during the period. CWM LLC increased its stake in Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 1,897 shares during the last quarter. Quarry LP raised its holdings in shares of Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the period. Magnetar Financial LLC acquired a new position in shares of Everi in the 2nd quarter valued at about $104,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Everi during the 2nd quarter worth about $118,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. B. Riley increased their price objective on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Truist Financial decreased their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Raymond James reiterated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Finally, StockNews.com initiated coverage on shares of Everi in a research note on Tuesday. They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.50.

Everi Price Performance

NYSE:EVRI opened at $13.15 on Wednesday. Everi has a 12-month low of $6.37 and a 12-month high of $13.35. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 20.22 and a beta of 2.15. The company’s 50-day moving average is $12.78 and its two-hundred day moving average is $9.92. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94.

Everi (NYSE:EVRI) last issued its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. Research analysts expect that Everi will post 0.49 EPS for the current year.

Everi Company Profile

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.