Everi Holdings, Inc is a technology solutions provider for the gaming and casino industry. It has received mixed reviews from research analyst reports, with some analysts rating the company as a “buy” and others downgrading the company’s ratings. The company operates through two segments: Games and Financial Technology Solutions (FinTech), with its stock currently priced at $16.44 per share. While Everi Holdings continues to create innovative technology services for gaming and casino industries, some research analysts have expressed concerns about lowering sales prices and execution risk, which require careful monitoring by investors looking for stable returns over the long run.
Everi Holdings Inc: Leading with Financial Technology in the Evolving Gaming Industry.
Everi Holdings Inc (NYSE:EVRI) is a technology solutions provider for the casino, interactive, and gaming industry. All eight research firms have rated Everi as a “Buy,” with five analysts giving a buy recommendation and one analyst giving a strong buy recommendation. According to Bloomberg’s report, the average target price for Everi’s stock is $28.00 per share for the next twelve months.
Everi operates through two main segments: the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leasing and selling gaming equipment, gaming systems, interactive solutions, and other products and services. The FinTech segment specializes in financial technology solutions.
Everi has been able to generate good revenue from both segments, with analysts predicting full-year earnings for 2017 at $1.32 per share. Despite the ever-evolving gaming industry, Everi has continued to pursue innovation in its FinTech solutions segment since its incorporation in 1998 as Multistrike Poker LLC in Las Vegas.
However, with new technologies emerging within the gaming industry, companies like Everi are under increasing pressure to keep up with changes or fall behind. Everi’s consistency over time is laudable, but it remains unclear how long it will remain a leader within this highly competitive segment characterized by cut-throat changes in business models.
On March 1st, 2017, Everi released its first-quarter earnings data for 2017, revealing an EPS of $0.28 above consensus estimates of $0.24. CEO Michael Rumbolz stated that future profits would be driven by FinTech, as game unit margins were likely to shrink.
Investment opportunities in the gaming industry continue to surge with new tech implementations, marketing strategies, and fan diversification. Everi Holdings Inc remains firmly anchored on innovative FinTech solutions that cater to the customer experience while providing adequate support for operational efficiency within the games segment. While research analyst reports for Everi Holdings Inc. are mixed, it is expected that the company will continue to ride the tide of tech growth in the gaming industry.
Everi Holdings Inc: Receiving Mixed Reviews from Research Analyst Reports
Everi Holdings, Inc is a technology solutions provider for the gaming and casino industry. While some research analysts have given the company a “buy” rating, others have downgraded the company’s ratings, resulting in mixed reviews.
StockNews.com gave a “buy” rating to Everi on March 16th, while TheStreet downgraded the company from “b-” to “c” on March 1st. Craig Hallum also dropped their price target on Everi from $30.00 to $25.00, but maintained their “buy” rating for the company in a report issued on January 17th.
Everi Holdings, Inc’s stock opened at $16.44 on Monday and has a market capitalization of $1.45 billion. The company has a price-to-earnings ratio of 13.48 and a beta of 2.39. It has a debt-to-equity ratio of 4.47, quick ratio of 1.03, and current ratio of 1.12. Its fifty-day moving average price is $17.74, while its two-hundred-day moving average price is $16.94.
The company operates through two segments: Games and Financial Technology Solutions (FinTech). The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services. The FinTech segment specializes in financial transaction processing solutions for casinos such as ATM placements.
In other news related to Everi Holdings Inc., executive VP David Lucchese sold 38,398 shares totaling $714,586 on March 3rd, leading up to this announcement period. This has raised some concerns among investors about the company’s growth potential.
Insiders sold a total of nearly fifty thousand shares valued at almost one million dollars over the last quarter alone, which makes up around five percent ownership within the shareholding executives.
Several hedge funds, including BlackRock Inc., Thrivent Financial for Lutherans, and FMR LLC, have modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Everi by 12.4% during the last year’s first quarter.
While Everi Holdings continues to create innovative technology services for gaming and casino industries, some research analysts have expressed concerns about lowering sales prices and execution risk. These factors require careful monitoring by investors looking for stable returns over the long run.
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