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

Equities research analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a report issued on Monday. The firm set a “hold” rating on the credit services provider’s stock.

EVRI has been the subject of several other research reports. Truist Financial lowered their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday, July 29th. B. Riley raised their price objective on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus reissued 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.50.

Everi Trading Up 0.2 %

Shares of EVRI stock opened at $13.14 on Monday. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The firm has a market cap of $1.10 billion, a PE ratio of 20.22 and a beta of 2.15. The company has a 50-day moving average of $12.40 and a two-hundred day moving average of $9.80. Everi has a 1-year low of $6.37 and a 1-year high of $13.87.

Everi (NYSE:EVRI) last announced its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. On average, analysts predict that Everi will post 0.49 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $137,852.75. Following the completion of the transaction, the chief financial officer now owns 192,426 shares in the company, valued at $2,491,916.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $137,852.75. Following the completion of the transaction, the chief financial officer now owns 192,426 shares in the company, valued at $2,491,916.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The disclosure for this sale can be found here. Insiders sold 131,417 shares of company stock worth $1,713,281 over the last 90 days. 6.40% of the stock is owned by insiders.

Institutional Trading of Everi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in 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 in the last quarter. Private Capital Management LLC raised its holdings in Everi by 19.8% during the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after purchasing an additional 461,939 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Everi by 85.3% during the second 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. Goldman Sachs Group Inc. raised its holdings in Everi by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after purchasing an additional 745,022 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in Everi by 2.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock worth $14,320,000 after purchasing an additional 30,780 shares in the last quarter. 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.