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

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

Several other research firms also recently weighed in on EVRI. B. Riley lifted their target price on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Truist Financial dropped their price target on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Everi in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi has an average rating of “Hold” and a consensus price target of $12.88.

Everi Stock Up 0.1 %

Shares of NYSE EVRI opened at $13.35 on Friday. The company’s 50-day simple moving average is $13.22 and its 200-day simple moving average is $10.80. Everi has a 52-week low of $6.37 and a 52-week high of $13.45. 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 price-to-earnings ratio of 28.40 and a beta of 2.13.

Insider Buying and Selling

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Everi

A number of institutional investors have recently modified their holdings of the stock. Alpine Associates Management Inc. acquired a new stake in shares of Everi in the 3rd quarter valued at $24,815,000. Clearbridge Investments LLC increased its stake in 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. Burgundy Asset Management Ltd. boosted its stake 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 worth $5,745,000 after purchasing an additional 632,544 shares during the period. Long Pond Capital LP acquired a new stake in Everi in the 2nd quarter valued at approximately $4,453,000. Finally, Private Capital Management LLC grew its position in 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 in the last quarter. 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.