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

Research analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a note issued to investors on Monday. The firm set a “hold” rating on the credit services provider’s stock.

A number of other research analysts have also weighed in on EVRI. Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Stifel Nicolaus reiterated a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, B. Riley boosted their price objective on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Price Performance

NYSE:EVRI opened at $13.37 on Monday. The firm has a market cap of $1.15 billion, a P/E ratio of 28.45 and a beta of 2.13. The stock has a 50 day moving average of $13.24 and a two-hundred day moving average of $10.91. Everi has a 12 month low of $6.37 and a 12 month high of $13.45. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 3.84.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVRI. Vanguard Group Inc. increased its holdings in Everi by 3.3% during the 1st 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 in the last quarter. Private Capital Management LLC grew its position in shares of Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after purchasing an additional 461,939 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Everi by 85.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares in the last quarter. Glazer Capital LLC acquired a new position in shares of Everi during the 3rd quarter worth approximately $33,507,000. Finally, Alpine Associates Management Inc. purchased a new stake in Everi in the 3rd quarter valued at approximately $24,815,000. Institutional investors and hedge funds 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.