StockNews.com Initiates Coverage on Everi (NYSE:EVRI)

Analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a note issued to investors on Friday. The firm set a "hold" rating on the credit services provider's stock.

Several other research firms also recently weighed in on EVRI. Raymond James restated a "market perform" rating on shares of Everi in a report on Monday, July 29th. Stifel Nicolaus reiterated a "hold" rating and set a $14.25 price objective (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Truist Financial reduced their price objective on shares of Everi from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Thursday, July 18th. Finally, B. Riley upped their target price on Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.50.

Everi Trading Down 0.3 %

NYSE EVRI traded down $0.04 during trading on Friday, hitting $13.32. The stock had a trading volume of 504,753 shares, compared to its average volume of 1,451,246. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.54 and a beta of 2.15. Everi has a one year low of $6.37 and a one year high of $13.40. The stock has a 50 day simple moving average of $13.13 and a 200 day simple moving average of $10.38.

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 the consensus estimate of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The firm had revenue of $191.19 million during the quarter, compared to the consensus estimate of $190.00 million. Sell-side analysts predict that Everi will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In related 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 $2,494,567.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related 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 $2,494,567.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $378,424.90. Following the completion of the sale, the chief executive officer now owns 794,822 shares of the company's stock, valued at $10,292,944.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,417 shares of company stock valued at $1,713,281. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Everi by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider's stock worth $74,522,000 after purchasing an additional 236,652 shares during the period. Private Capital Management LLC increased its holdings in 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 valued at $28,051,000 after buying an additional 461,939 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Everi by 85.3% in the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider's stock valued at $23,400,000 after buying an additional 1,282,682 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Everi by 2.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider's stock worth $14,320,000 after acquiring an additional 30,780 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of Everi by 1,230.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider's stock worth $5,745,000 after acquiring an additional 632,544 shares in the last quarter. 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.