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

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

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus restated a "hold" rating and issued a $14.25 price target (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Raymond James reaffirmed a "market perform" rating on shares of Everi in a research note on Monday, July 29th. Finally, B. Riley upped their price objective 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. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.88.

Everi Price Performance

Shares of Everi stock remained flat at $13.37 during trading hours on Monday. 385,861 shares of the stock traded hands, compared to its average volume of 1,387,913. The firm has a fifty day moving average price of $13.24 and a two-hundred day moving average price of $10.91. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a 52 week low of $6.37 and a 52 week high of $13.45. The firm has a market cap of $1.15 billion, a P/E ratio of 28.45 and a beta of 2.13.

Insider Buying and Selling

In other news, EVP Darren Simmons sold 75,000 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares of the company's stock, valued at $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company's stock.

Institutional Trading of Everi

Several institutional investors have recently made changes to their positions in EVRI. Janney Montgomery Scott LLC lifted its stake in shares of Everi by 44.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider's stock valued at $483,000 after purchasing an additional 14,783 shares during the last quarter. Sei Investments Co. increased its position in shares of Everi by 13.7% during the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider's stock valued at $5,495,000 after purchasing an additional 66,033 shares during the period. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 236,652 shares during the period. Clearbridge Investments LLC boosted its holdings in Everi by 2.2% during the first quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider's stock valued at $15,106,000 after purchasing an additional 31,684 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its stake in Everi by 30.9% in the 1st quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider's stock valued at $136,000 after buying an additional 3,200 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Company Profile

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.