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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus reissued 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. Truist Financial reduced their target price on Everi from $11.00 to $10.00 and set a hold rating for the company in a report on Thursday, July 18th. Raymond James reaffirmed a market perform rating on shares of Everi in a report on Monday, July 29th. Finally, B. Riley lifted their target price on Everi from $11.00 to $14.25 and gave the company a neutral rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $13.50.

Everi Trading Up 0.3 %

Shares of Everi stock opened at $13.14 on Friday. Everi has a 1 year low of $6.37 and a 1 year high of $15.13. The firm has a market cap of $1.12 billion, a PE ratio of 20.22 and a beta of 2.15. The stock has a fifty day moving average price of $11.80 and a 200-day moving average price of $9.66. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95.

Everi (NYSE:EVRI) last announced its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The company had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. Equities research analysts anticipate that Everi will post 0.49 EPS for the current year.

Insider Activity

In other news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction dated 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 owns 190,425 shares in the company, valued at approximately $2,494,567.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $12.95, for a total value 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 approximately $10,292,944.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is currently owned by insiders.

Institutional Trading of Everi

A number of hedge funds have recently bought and sold shares of the company. CWM LLC lifted its position in Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares during the last quarter. Oxford Financial Group LTD. LLC lifted its position in Everi by 4.3% in the first 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 position in Everi by 4.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after purchasing an additional 2,347 shares during the last quarter. Quarry LP lifted its position in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 3,060 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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.