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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI - Free Report) in a research note released on Tuesday morning. The firm issued a hold rating on the credit services provider's stock.

Several other equities research analysts also recently commented on the stock. B. Riley boosted their target price 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. Stifel Nicolaus reaffirmed a "hold" rating and set a $14.25 target price (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, Raymond James reiterated a "market perform" rating on shares of Everi in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi has a consensus rating of "Hold" and a consensus price target of $12.88.

Everi Stock Up 0.4 %

NYSE:EVRI traded up $0.05 during trading hours on Tuesday, reaching $13.48. The company had a trading volume of 451,732 shares, compared to its average volume of 1,367,781. The business's 50-day simple moving average is $13.27 and its two-hundred day simple moving average is $11.14. Everi has a twelve month low of $6.37 and a twelve month high of $13.48. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 28.68 and a beta of 2.13. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insiders Place Their Bets

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares of the company's stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren Simmons sold 75,000 shares of the business'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 sale, the executive vice president now owns 190,425 shares in the company, valued at approximately $2,494,567.50. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,000 shares of company stock valued at $1,865,420. Insiders own 6.40% of the company's stock.

Institutional Investors Weigh In On Everi

Several large investors have recently added to or reduced their stakes in EVRI. Signaturefd LLC raised its holdings in Everi by 2,428.6% during the 2nd 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 during the period. CWM LLC raised its stake in shares of 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 purchasing an additional 1,897 shares during the period. Huntington National Bank grew its holdings in Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock valued at $77,000 after buying an additional 5,470 shares in the last quarter. Quarry LP increased its position in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock valued at $86,000 after buying an additional 2,864 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in shares of Everi in the second quarter worth about $104,000. Hedge funds and other 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.