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

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

Several other research firms have also commented on EVRI. Stifel Nicolaus reiterated a "hold" rating and issued a $14.25 price target (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. B. Riley increased their price target on Everi from $11.00 to $14.25 and gave the company a "neutral" rating in a report on Monday, August 5th. Truist Financial dropped 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, Raymond James reissued a "market perform" rating on shares of Everi in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.50.

Everi Stock Performance

Shares of NYSE:EVRI remained flat at $13.33 during mid-day trading on Friday. The company had a trading volume of 520,861 shares, compared to its average volume of 1,432,209. The firm has a market cap of $1.15 billion, a P/E ratio of 28.35 and a beta of 2.15. The business has a 50-day moving average of $13.17 and a 200 day moving average of $10.55. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. Everi has a 12 month low of $6.37 and a 12 month high of $13.40.

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

Insider Transactions at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the company's stock in a transaction dated 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 in the company, valued at $2,494,567.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP David Lucchese sold 4,124 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value 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 $7,643,367.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everi

A number of hedge funds and other institutional investors have recently modified their holdings of EVRI. Vanguard Group Inc. lifted its holdings in Everi by 3.3% during the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider's stock worth $74,522,000 after buying an additional 236,652 shares during the period. Private Capital Management LLC lifted its position in shares of Everi by 19.8% during 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 during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Everi by 85.3% in the 2nd 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 grew its position in shares of Everi by 2.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider's stock worth $14,320,000 after buying an additional 30,780 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised 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. 95.47% of the stock is currently owned by institutional investors.

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.