Truist Securities has issued a Buy recommendation for Everi Holdings (NYSE: NYSE:EVRI), projecting a one-year target price of $22.73, indicating a significant 92.64% upside from its recent closing price of $11.80 on Thursday. The firm's annual revenue is anticipated to reach $830MM, marking a 1.36% increase, with the projected non-GAAP EPS standing at 1.22. According to InvestingPro data, Everi Holdings has an adjusted market cap of $1030M USD and a P/E ratio of 9.27, which is relatively low, suggesting the stock may be undervalued.
Institutional interest in Everi Holdings has risen by 3.85%, with 485 funds or institutions currently holding positions in the company. Despite this increase in interest, total institutional ownership has seen a decrease of 2.61%, now accounting for 96,246K shares. The average portfolio weight of all funds dedicated to Everi Holdings is recorded at 0.17%. The put/call ratio stands at 0.34, signaling bullish sentiment among investors. InvestingPro data shows a one-month price total return of -18.33%, indicating a recent downturn in the stock's performance.
Several prominent investors have adjusted their holdings in Everi recently. Thrivent Financial For Lutherans reduced its shareholding from 6,002K to 4,684K shares but increased its portfolio allocation by an impressive 41.52%. Simcoe Capital Management also decreased its shareholding from 4,307K to 3,986K shares while reducing its portfolio allocation by 27.99%.
On the other hand, Vanguard Total Stock Market Index Fund Investor Shares increased its shareholding from 2,719K to 2,776K shares but decreased its portfolio allocation by 20.57%. Nuveen Asset Management and American Century Companies both increased their shareholdings from their previous holdings of 2,409K and 1,524K shares respectively and also raised their portfolio allocations in Everi.
Everi Holdings operates with a mission to transform the casino floor through innovative gaming machines, systems, and services, secure financial transactions, and memorable player experiences. InvestingPro Tips suggests that Everi has high earnings quality, with free cash flow exceeding net income, and management has been aggressively buying back shares. These insights, along with a total of 14 additional tips, are available on InvestingPro for those interested in gaining a deeper understanding of the company's financial health and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.