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

Research analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report released on Sunday. The brokerage set a “hold” rating on the credit services provider’s stock.

A number of other equities analysts also recently commented on the company. Raymond James restated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Truist Financial reduced their price objective on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. B. Riley boosted their target price on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, Everi currently has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Stock Performance

Shares of NYSE:EVRI opened at $13.35 on Friday. The firm has a market capitalization of $1.15 billion, a PE ratio of 28.40 and a beta of 2.13. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. Everi has a 12 month low of $6.37 and a 12 month high of $13.45. The business has a 50-day moving average of $13.21 and a two-hundred day moving average of $10.72.

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 during the quarter, compared to the consensus estimate of $190.00 million. As a group, research analysts forecast that Everi will post 0.49 earnings per share for the current year.

Insider Transactions at Everi

In other news, EVP Darren Simmons sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP David Lucchese sold 4,124 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 588,404 shares in the company, valued at $7,643,367.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of Everi 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 transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,524 shares of company stock valued at $1,041,267. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVRI. CWM LLC increased its stake in Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 1,897 shares during the last quarter. Oxford Financial Group LTD. LLC raised its holdings in Everi by 4.3% in the 1st quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock worth $487,000 after purchasing an additional 2,000 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Everi by 4.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after buying an additional 2,347 shares during the period. Quarry LP raised its position 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 worth $86,000 after acquiring an additional 2,864 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Everi Company Profile

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.