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

Research analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report issued on Friday. The brokerage set a “hold” rating on the credit services provider’s stock.

EVRI has been the topic of a number of other research reports. Stifel Nicolaus restated a “hold” rating and issued a $14.25 price objective (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. B. Riley raised their price objective on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Finally, Truist Financial cut their target price on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi presently has a consensus rating of “Hold” and an average target price of $13.50.

Everi Stock Down 0.3 %

EVRI stock opened at $13.31 on Friday. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.40. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.32 and a beta of 2.15. The business’s 50 day moving average price is $13.14 and its two-hundred day moving average price is $10.41. 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 (NYSE:EVRI) last announced its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. As a group, analysts forecast that Everi will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Everi

In other news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $155,736.70. Following the completion of the transaction, the executive vice president now owns 68,477 shares in the company, valued at $886,777.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at $886,777.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Randy L. Taylor sold 29,222 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $378,424.90. Following the transaction, the chief executive officer now directly owns 794,822 shares of the company’s stock, valued at $10,292,944.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,417 shares of company stock worth $1,713,281. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its position in Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 1,897 shares during the last quarter. Oxford Financial Group LTD. LLC increased its position in shares of Everi by 4.3% during the 1st quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock valued at $487,000 after purchasing an additional 2,000 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Everi by 4.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after purchasing an additional 2,347 shares during the period. Quarry LP boosted its holdings in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after buying an additional 2,864 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

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.