StockNews.com Begins Coverage on Everi (NYSE:EVRI)

Research analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research report issued on Monday. The firm set a “hold” rating on the credit services provider’s stock.

A number of other analysts have also recently issued reports on the stock. B. Riley increased their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $14.25 price target (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi presently has a consensus rating of “Hold” and an average target price of $12.88.

Everi Trading Down 0.4 %

Shares of NYSE:EVRI opened at $13.37 on Monday. The stock has a 50 day moving average of $13.24 and a 200 day moving average of $10.91. The company has a market cap of $1.15 billion, a PE ratio of 28.45 and a beta of 2.13. Everi has a 12-month low of $6.37 and a 12-month high of $13.45. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 3.84.

Insider Buying and Selling

In other news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The trade was a 28.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVRI. Signaturefd LLC raised its position in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 3,060 shares in the last quarter. CWM LLC increased its holdings in shares of Everi by 117.5% during the 2nd 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 in the last quarter. Huntington National Bank increased its holdings in shares of Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares in the last quarter. Quarry LP lifted its stake in shares of Everi by 38.9% in the 2nd 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 period. Finally, Magnetar Financial LLC purchased a new stake in Everi during the second quarter worth $104,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.