Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

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

Other equities research analysts have also recently issued research reports about the company. Raymond James reissued a “market perform” rating on shares of Everi in a report on Monday, July 29th. B. Riley lifted their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Stock Performance

EVRI opened at $13.46 on Tuesday. Everi has a twelve month low of $6.37 and a twelve month high of $13.48. The stock has a market cap of $1.16 billion, a PE ratio of 89.74 and a beta of 2.13. The business’s 50 day moving average is $13.28 and its 200-day moving average is $11.19. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Buying and Selling at Everi

In other news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction 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 directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the company’s 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 trade represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 141,000 shares of company stock valued at $1,865,420 in the last three months. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently modified their holdings of EVRI. Vanguard Group Inc. increased its stake in shares of Everi by 3.3% in the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after acquiring an additional 236,652 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Everi in the first quarter worth $342,000. BOKF NA increased its position in Everi by 352.7% during the first quarter. BOKF NA now owns 27,984 shares of the credit services provider’s stock worth $284,000 after buying an additional 21,802 shares during the last quarter. Mount Yale Investment Advisors LLC increased its position in Everi by 46.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 16,844 shares of the credit services provider’s stock worth $169,000 after buying an additional 5,371 shares during the last quarter. Finally, CWM LLC increased its position in Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.