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

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

Several other equities analysts also recently weighed in on the company. B. Riley boosted their target price on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Stifel Nicolaus reiterated a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James restated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Finally, Truist Financial cut their price target on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Everi presently has an average rating of “Hold” and a consensus target price of $13.50.

Everi Price Performance

EVRI stock opened at $13.18 on Tuesday. The company has a fifty day simple moving average of $12.86 and a two-hundred day simple moving average of $9.95. Everi has a 52 week low of $6.37 and a 52 week high of $13.35. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $1.11 billion, a P/E ratio of 20.27 and a beta of 2.15.

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 analysts’ consensus estimates of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The firm had revenue of $191.19 million during the quarter, compared to the consensus estimate of $190.00 million. Analysts anticipate that Everi will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’s 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 sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Everi news, CFO Mark F. Labay sold 10,645 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $137,852.75. Following the transaction, the chief financial officer now directly owns 192,426 shares in the company, valued at approximately $2,491,916.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was 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 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 have sold 131,417 shares of company stock valued at $1,713,281 in the last 90 days. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several institutional investors have recently made changes to their positions in EVRI. Sei Investments Co. grew its holdings in Everi by 13.7% during the 1st quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after acquiring an additional 66,033 shares in the last quarter. Vista Investment Partners LLC bought a new position in Everi in the second quarter worth approximately $346,000. Susquehanna Fundamental Investments LLC purchased a new stake in Everi during the first quarter worth $1,168,000. Private Capital Management LLC boosted its position 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 valued at $28,051,000 after acquiring an additional 461,939 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after acquiring an additional 745,022 shares during the period. Hedge funds and other 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.