Everi (NYSE:EVRI) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the credit services provider’s stock.

Other analysts also recently issued reports about the company. Raymond James restated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. B. Riley lifted their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Stifel Nicolaus restated a “hold” rating and issued a $14.25 price target (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, Truist Financial decreased their price target on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi has a consensus rating of “Hold” and a consensus price target of $13.50.

Everi Trading Up 0.4 %

Shares of EVRI stock opened at $13.30 on Thursday. The business’s 50 day moving average is $13.08 and its two-hundred day moving average is $10.21. Everi has a twelve month low of $6.37 and a twelve month high of $13.30. The company has a market capitalization of $1.12 billion, a P/E ratio of 20.45 and a beta of 2.15. 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 announced its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The company had revenue of $191.19 million for the quarter, compared to the consensus estimate of $190.00 million. Equities analysts forecast that Everi will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Lucchese sold 4,124 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total value of $53,570.76. Following the completion of the transaction, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at approximately $7,643,367.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

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

About Everi

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.