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

Analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the credit services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. B. Riley raised their target price on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Finally, Truist Financial lowered their price objective on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi currently has an average rating of “Hold” and a consensus target price of $12.88.

Everi Price Performance

NYSE:EVRI opened at $13.35 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. The firm has a market cap of $1.15 billion, a PE ratio of 28.40 and a beta of 2.13. Everi has a 12 month low of $6.37 and a 12 month high of $13.45. The company’s 50-day moving average price is $13.21 and its two-hundred day moving average price is $10.77.

Insider Activity at Everi

In related news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everi

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its position in Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the last quarter. CWM LLC lifted its stake in shares of Everi by 117.5% during 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. Huntington National Bank boosted its holdings in shares of Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares during the period. Quarry LP grew its holdings in Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Everi in the second quarter valued at about $104,000. Institutional investors and hedge funds 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.