Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research report issued on Tuesday. The firm set a “hold” rating on the credit services provider’s stock.

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

Everi Price Performance

EVRI stock opened at $13.15 on Tuesday. The firm’s 50-day moving average price is $12.78 and its two-hundred day moving average price is $9.92. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 20.23 and a beta of 2.15. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. Everi has a 12-month low of $6.37 and a 12-month high of $13.35.

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

Insider Buying and Selling

In other 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 transaction of $982,500.00. Following the sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Darren Simmons sold 75,000 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction 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 transaction, the chief executive officer now directly owns 794,822 shares of the company’s stock, valued at $10,292,944.90. The disclosure for this sale can be found here. Over the last 90 days, 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

Large investors have recently bought and sold shares of the business. Clearbridge Investments LLC lifted its stake 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 worth $23,400,000 after acquiring an additional 1,282,682 shares during the period. Quarry LP boosted its position in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares in the last quarter. Creative Planning increased its holdings in shares of Everi by 528.2% in the 2nd quarter. Creative Planning now owns 65,041 shares of the credit services provider’s stock valued at $546,000 after acquiring an additional 54,687 shares during the period. Algert Global LLC raised its position in shares of Everi by 815.1% in the 2nd quarter. Algert Global LLC now owns 159,964 shares of the credit services provider’s stock worth $1,344,000 after acquiring an additional 142,484 shares in the last quarter. Finally, Long Pond Capital LP purchased a new stake in shares of Everi during the 2nd quarter worth $4,453,000. 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.