Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

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

Other equities analysts have also recently issued research reports about the stock. B. Riley raised their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Stifel Nicolaus restated a “hold” rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, Truist Financial dropped their price objective on shares of 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.50.

Everi Stock Down 0.1 %

Shares of NYSE EVRI opened at $13.13 on Friday. The company has a 50 day simple moving average of $11.80 and a 200-day simple moving average of $9.65. The company has a market capitalization of $1.12 billion, a P/E ratio of 20.19 and a beta of 2.15. 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 1 year low of $6.37 and a 1 year high of $14.91.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. On average, equities research analysts predict that Everi will post 0.49 earnings per share for the current year.

Insider Activity

In related news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the completion of the transaction, the executive vice president now owns 68,477 shares of the company’s stock, valued at $886,777.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the transaction, the executive vice president now owns 68,477 shares in the company, valued at $886,777.15. The disclosure for this sale can be found here. Insiders sold a total of 131,417 shares of company stock valued at $1,713,281 over the last 90 days. Insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently modified their holdings of EVRI. Sei Investments Co. increased its stake in Everi by 13.7% during the 1st quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock valued at $5,495,000 after buying an additional 66,033 shares during the period. Vista Investment Partners LLC purchased a new stake in shares of Everi in the second quarter worth approximately $346,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Everi in the first quarter worth approximately $1,168,000. Private Capital Management LLC lifted its position in shares of Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after purchasing an additional 461,939 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Everi by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after acquiring an additional 745,022 shares during the last quarter. 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.