Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

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

A number of other research firms have also commented on EVRI. Raymond James reissued a “market perform” rating on shares of Everi in a research report on Monday, July 29th. B. Riley upped their price target on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $14.25 price objective (up previously 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, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.88.

Everi Stock Performance

Shares of EVRI opened at $13.48 on Tuesday. The company has a market capitalization of $1.16 billion, a PE ratio of 28.68 and a beta of 2.13. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a one year low of $6.37 and a one year high of $13.48. The company’s fifty day moving average price is $13.27 and its 200 day moving average price is $11.14.

Insider Buying and Selling at Everi

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Darren Simmons sold 75,000 shares of the business’s 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 in the company, valued at $2,494,567.50. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 141,000 shares of company stock valued at $1,865,420 in the last 90 days. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Everi by 3.3% during the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after purchasing an additional 236,652 shares during the last quarter. Private Capital Management LLC grew its holdings in Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after acquiring an additional 461,939 shares during the last quarter. Clearbridge Investments LLC increased its position in Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after acquiring an additional 1,282,682 shares in the last quarter. Glazer Capital LLC bought a new position in shares of Everi in the third quarter worth about $33,507,000. Finally, Alpine Associates Management Inc. acquired a new position in shares of Everi during the third quarter worth approximately $24,815,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.