Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research report released on Monday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Several other research firms have also issued reports on EVRI. B. Riley raised their target price on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a research report 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat, Everi has an average rating of “Hold” and an average target price of $12.88.

Everi Stock Performance

NYSE EVRI opened at $13.38 on Monday. The company has a market cap of $1.15 billion, a P/E ratio of 28.46 and a beta of 2.13. The business’s 50 day moving average price is $13.24 and its 200-day moving average price is $10.95. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.45. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.95 and a current ratio of 1.06.

Insider Activity at Everi

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

Hedge Funds Weigh In On Everi

A number of large investors have recently bought and sold shares of the business. Stifel Financial Corp lifted its position in Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after acquiring an additional 1,423 shares during the last quarter. CWM LLC increased its position in 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 buying an additional 1,897 shares in the last quarter. SummerHaven Investment Management LLC raised its stake 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 valued at $446,000 after buying an additional 2,347 shares during the last quarter. Quarry LP boosted its holdings in Everi by 38.9% in the second 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 increased its holdings in shares of 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. Institutional investors own 95.47% of the company’s stock.

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.