StockNews.com Initiates Coverage on Everi (NYSE:EVRI)

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

A number of other brokerages have also issued reports on EVRI. Stifel Nicolaus restated 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. Raymond James reissued a “market perform” rating on shares of Everi in a report on Monday, July 29th. Finally, B. Riley lifted their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.88.

Everi Price Performance

Shares of NYSE EVRI opened at $13.43 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.47. The business has a 50 day moving average price of $13.27 and a two-hundred day moving average price of $11.10. The firm has a market cap of $1.16 billion, a PE ratio of 28.58 and a beta of 2.13.

Insider Transactions at Everi

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the business’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 transaction, the director now directly owns 91,572 shares of the company’s stock, valued at $1,224,317.64. The trade was a 14.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of the firm’s stock in a transaction that occurred 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. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Virtu Financial LLC acquired a new stake in Everi in the third quarter worth about $878,000. Geode Capital Management LLC lifted its stake in shares of Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock worth $24,450,000 after acquiring an additional 27,670 shares during the period. MML Investors Services LLC acquired a new stake in shares of Everi in the 3rd quarter worth approximately $223,000. Jane Street Group LLC boosted its holdings in shares of Everi by 86.7% in the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after acquiring an additional 75,655 shares in the last quarter. Finally, Villanova Investment Management Co LLC increased its stake in shares of Everi by 9.1% during the third quarter. Villanova Investment Management Co LLC now owns 175,133 shares of the credit services provider’s stock valued at $2,301,000 after acquiring an additional 14,680 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.