Brokerages Set Everi Holdings Inc. (NYSE:EVRI) Price Target at $13.50

Shares of Everi Holdings Inc. (NYSE:EVRI) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have covered the stock in the last year is $12.88.

Several equities research analysts have recently weighed in on EVRI shares. StockNews.com initiated coverage on Everi in a research note on Sunday. They issued a “hold” rating for the company. Raymond James reaffirmed a “market perform” rating on shares of Everi in a research note on Monday, July 29th. B. Riley boosted 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 target price (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, Truist Financial dropped their price target on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th.

Everi Price Performance

EVRI stock opened at $13.35 on Wednesday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. Everi has a 52-week low of $6.37 and a 52-week high of $13.45. The company has a market capitalization of $1.15 billion, a P/E ratio of 28.40 and a beta of 2.13. The company has a fifty day moving average price of $13.22 and a 200-day moving average price of $10.80.

Insider Activity at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were 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 owns 190,425 shares of the company’s stock, valued at $2,494,567.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by insiders.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised its stake in 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 during the period. Oxford Financial Group LTD. LLC raised its stake in shares of Everi by 4.3% in the first quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock valued at $487,000 after acquiring an additional 2,000 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of Everi by 4.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after buying an additional 2,347 shares during the period. Quarry LP grew its position 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 acquiring an additional 2,864 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.