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

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

Several other brokerages have also recently commented on EVRI. Truist Financial lowered their price target on Everi from $11.00 to $10.00 and set a hold rating for the company in a research note on Thursday, July 18th. B. Riley boosted their price target on Everi from $11.00 to $14.25 and gave the company a neutral rating in a research note on Monday, August 5th. Stifel Nicolaus reissued a hold rating and issued a $14.25 price target (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, Raymond James reaffirmed a market perform rating on shares of Everi in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi currently has an average rating of Hold and a consensus target price of $13.50.

Everi Price Performance

Shares of EVRI opened at $13.15 on Tuesday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 20.22 and a beta of 2.15. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.35. 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 business’s 50-day moving average is $12.78 and its 200-day moving average is $9.92.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. Equities research analysts expect that Everi will post 0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Everi news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $155,736.70. Following the completion of the sale, the executive vice president now owns 68,477 shares of the company’s stock, valued at $886,777.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $155,736.70. Following the completion of the sale, the executive vice president now directly owns 68,477 shares of the company’s stock, valued at $886,777.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The disclosure for this sale can be found here. Insiders sold 131,417 shares of company stock valued at $1,713,281 over the last 90 days. 6.40% of the stock is currently owned by company insiders.

Institutional Trading of Everi

A number of hedge funds have recently modified their holdings of EVRI. CWM LLC lifted its position in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares during the period. Oxford Financial Group LTD. LLC lifted its holdings in shares of Everi by 4.3% during the 1st quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock worth $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 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after acquiring an additional 2,347 shares in the last quarter. Quarry LP increased its stake in Everi by 38.9% in the second 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 period. Finally, Signaturefd LLC raised its position in 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 in the last quarter. Institutional investors 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.