After Raymond James and Truist Financial gave Everi Holdings (NYSE: EVRI) a Buy rating last month, the company received another Buy, this time from BTIG. Analyst Mark Palmer maintained a Buy rating on Everi Holdings today and set a price target of $12.00. The company’s shares closed last Wednesday at $11.40.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 18.5% and a 68.8% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Genworth Financial, and Oportun Financial.
Everi Holdings has an analyst consensus of Strong Buy, with a price target consensus of $13.80.
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Based on Everi Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $112 million and GAAP net loss of $878K. In comparison, last year the company earned revenue of $135 million and had a net profit of $9.32 million.
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Everi Holdings, Inc. engages in the provision of technology solutions to the casino gaming industry. It operates through the Games and FinTech segments. The Games segment provides solutions directly to gaming establishments to offer patrons gaming entertainment related experiences such as: leased gaming equipment; sales and maintenance related services of gaming equipment; gaming systems; and ancillary products and services. The FinTech segment includes gaming establishments to offer patrons cash access services and products including: access to cash at gaming facilities via ATM cash withdrawals, credit card cash access transactions and point of sale debit card cash access transactions; check-related services; fully integrated kiosks and maintenance services; compliance, audit and data software; casino credit data; and reporting services and other ancillary offerings. The company was founded on February 4, 2004 and is headquartered in Las Vegas, NV.