News

Fintel reports that on March 1, 2024, Truist Securities downgraded their outlook for Everi Holdings (NYSE:EVRI) from Buy to Hold .

Analyst Price Forecast Suggests 54.69% Upside

As of February 24, 2024, the average one-year price target for Everi Holdings is 16.32. The forecasts range from a low of 13.13 to a high of $18.90. The average price target represents an increase of 54.69% from its latest reported closing price of 10.55.

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The projected annual revenue for Everi Holdings is 858MM, an increase of 6.19%. The projected annual non-GAAP EPS is 1.37.

What is the Fund Sentiment?

There are 479 funds or institutions reporting positions in Everi Holdings. This is a decrease of 6 owner(s) or 1.24% in the last quarter. Average portfolio weight of all funds dedicated to EVRI is 0.18%, a decrease of 2.18%. Total shares owned by institutions decreased in the last three months by 2.04% to 92,684K shares. The put/call ratio of EVRI is 0.55, indicating a bullish outlook.

What are Other Shareholders Doing?

American Century Companies holds 4,206K shares representing 4.92% ownership of the company. In it's prior filing, the firm reported owning 2,897K shares, representing an increase of 31.13%. The firm increased its portfolio allocation in EVRI by 8.85% over the last quarter.

Simcoe Capital Management holds 4,016K shares representing 4.69% ownership of the company. In it's prior filing, the firm reported owning 3,933K shares, representing an increase of 2.08%. The firm decreased its portfolio allocation in EVRI by 53.50% over the last quarter.

ASVIX - Small Cap Value Fund Investor Class holds 3,398K shares representing 3.97% ownership of the company. In it's prior filing, the firm reported owning 2,379K shares, representing an increase of 29.99%. The firm increased its portfolio allocation in EVRI by 7.19% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,485K shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 2,776K shares, representing a decrease of 11.69%. The firm decreased its portfolio allocation in EVRI by 15.04% over the last quarter.

Nuveen Asset Management holds 2,470K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 2,443K shares, representing an increase of 1.11%. The firm decreased its portfolio allocation in EVRI by 53.22% over the last quarter.

Everi Holdings Background Information
(This description is provided by the company.)

Everi (NYSE: EVRI) is a leading supplier of imaginative entertainment and trusted technology solutions for the casino and digital gaming industry. Everi's mission is to transform the casino floor through innovative gaming and financial technology and loyalty solutions. With a focus on both land-based and digital gaming operators and players, the Company develops entertaining games and gaming machines, gaming systems and services that facilitate memorable player experiences, and is a preeminent and comprehensive provider of financial products and services that offer convenient and secure financial transactions, self-service player loyalty tools and applications, and intelligence software and other intuitive solutions that improve casino operational efficiencies and fulfill regulatory compliance requirements. Everi provides these products and services in its effort to help make customers more successful.

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This story originally appeared on Fintel.

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