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

StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report released on Tuesday. The brokerage issued a hold rating on the credit services provider’s stock.

Several other brokerages also recently weighed in on EVRI. B. Riley lifted 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. Stifel Nicolaus reiterated a “hold” rating and set a $14.25 price objective (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.88.

Everi Price Performance

EVRI opened at $13.48 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The company’s 50-day moving average price is $13.27 and its 200 day moving average price is $11.14. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.48. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 28.68 and a beta of 2.13.

Insider Activity

In other Everi news, EVP Darren Simmons sold 75,000 shares of the firm’s 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 directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This trade represents a 28.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the firm’s 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 sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 141,000 shares of company stock valued at $1,865,420 over the last three months. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVRI. Vanguard Group Inc. lifted its stake in Everi by 3.3% in the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after acquiring an additional 236,652 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Everi in the first quarter worth $342,000. BOKF NA increased its position in Everi by 352.7% during the first quarter. BOKF NA now owns 27,984 shares of the credit services provider’s stock worth $284,000 after buying an additional 21,802 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of Everi by 46.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 16,844 shares of the credit services provider’s stock worth $169,000 after buying an additional 5,371 shares during the last quarter. Finally, CWM LLC boosted 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 acquiring an additional 1,897 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.