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

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

A number of other equities analysts have also commented on EVRI. Truist Financial cut their price objective on shares of Everi from $11.00 to $10.00 and set a hold rating on the stock in a report on Thursday, July 18th. B. Riley raised their price objective 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 restated a market perform rating on shares of Everi in a report on Monday, July 29th. Finally, Stifel Nicolaus reiterated a hold rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $13.50.

Everi Trading Down 0.1 %

Shares of EVRI opened at $13.13 on Monday. Everi has a 12 month low of $6.37 and a 12 month high of $13.87. The stock’s 50-day moving average is $12.32 and its two-hundred day moving average is $9.78. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The stock has a market cap of $1.10 billion, a PE ratio of 20.20 and a beta of 2.15.

Everi (NYSE:EVRI) last released its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. Equities 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 David Lucchese sold 4,124 shares of Everi stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total value of $53,570.76. Following the completion of the transaction, the executive vice president now owns 588,404 shares in the company, valued at approximately $7,643,367.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Everi news, CFO Mark F. Labay sold 10,645 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 value of $137,852.75. Following the transaction, the chief financial officer now owns 192,426 shares of the company’s stock, valued at $2,491,916.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Lucchese sold 4,124 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value of $53,570.76. Following the transaction, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at $7,643,367.96. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock worth $1,713,281 over the last quarter. 6.40% of the stock is owned by corporate insiders.

Institutional Trading of Everi

Hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its position 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 buying an additional 1,282,682 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after acquiring an additional 745,022 shares during the period. Private Capital Management LLC lifted its position in Everi by 38.6% in the 4th quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock valued at $26,251,000 after purchasing an additional 648,696 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Everi by 1,230.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after purchasing an additional 632,544 shares during the last quarter. Finally, Breach Inlet Capital Management LLC acquired a new position in Everi during the 4th quarter valued at about $6,051,000. 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.