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

Equities researchers at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a research note issued on Sunday. The firm set a "hold" rating on the credit services provider's stock.

Other analysts have also issued reports about the stock. Raymond James reaffirmed a "market perform" rating on shares of Everi in a research report on Monday, July 29th. B. Riley lifted their price target on Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a report on Monday, August 5th. Stifel Nicolaus restated a "hold" rating and issued a $14.25 price objective (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, Truist Financial reduced their target price on Everi from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Thursday, July 18th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.88.

Everi Stock Down 0.1 %

Shares of Everi stock traded down $0.02 during trading hours on Friday, reaching $13.35. 324,214 shares of the company's stock were exchanged, compared to its average volume of 572,140. The stock has a market cap of $1.15 billion, a P/E ratio of 28.40 and a beta of 2.13. The company has a 50 day moving average of $13.21 and a two-hundred day moving average of $10.73. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.45.

Everi (NYSE:EVRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The firm had revenue of $191.19 million during the quarter, compared to the consensus estimate of $190.00 million. On average, sell-side analysts forecast that Everi will post 0.49 EPS for the current fiscal year.

Insider Transactions at Everi

In related news, EVP David Lucchese sold 4,124 shares of Everi stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the sale, the executive vice president now directly owns 588,404 shares of the company's stock, valued at approximately $7,643,367.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Lucchese sold 4,124 shares of the 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 sale, the executive vice president now directly owns 588,404 shares in the company, valued at $7,643,367.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,524 shares of company stock worth $1,041,267 over the last quarter. Company insiders own 6.40% of the company's stock.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 3,060 shares in the last quarter. CWM LLC raised its position in shares of Everi by 117.5% in 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. Huntington National Bank lifted 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 worth $77,000 after acquiring an additional 5,470 shares during the period. Quarry LP increased its stake in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock valued at $86,000 after acquiring an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in Everi during the second quarter valued at approximately $104,000. 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.