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

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

Several other research analysts have also commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price target (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James reaffirmed a “market perform” rating on shares of Everi in a report on Monday, July 29th. Finally, B. Riley increased their price target on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi presently has an average rating of “Hold” and a consensus price target of $12.88.

Everi Stock Performance

NYSE EVRI opened at $13.34 on Monday. The company has a fifty day moving average of $13.25 and a two-hundred day moving average of $11.00. The company has a market capitalization of $1.15 billion, a PE ratio of 28.38 and a beta of 2.13. Everi has a 1 year low of $6.37 and a 1 year high of $13.45. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Insider Buying and Selling

In other news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction dated 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 position. The sale was disclosed in a document filed 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 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 of the company’s stock, valued at $1,224,317.64. This trade represents a 14.87 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EVRI. Glazer Capital LLC acquired a new stake in shares of Everi in the 3rd quarter worth approximately $33,507,000. Alpine Associates Management Inc. purchased a new stake in Everi during the third quarter worth $24,815,000. Clearbridge Investments LLC grew its holdings 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 valued at $23,400,000 after purchasing an additional 1,282,682 shares during the last quarter. Westchester Capital Management LLC purchased a new position in shares of Everi in the third quarter valued at $16,662,000. Finally, Sand Grove Capital Management LLP purchased a new position in shares of Everi in the third quarter valued at $15,806,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.