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

Investment analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report issued on Wednesday. The brokerage set a “hold” rating on the credit services provider’s stock.

Several other equities research analysts also recently issued reports 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 report on Thursday, July 18th. Raymond James restated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Stifel Nicolaus restated a “hold” rating and issued a $14.25 price target (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. Finally, B. Riley increased 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. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi has an average rating of “Hold” and a consensus price target of $13.50.

Everi Trading Up 0.2 %

NYSE:EVRI opened at $13.19 on Wednesday. Everi has a 1-year low of $6.37 and a 1-year high of $13.23. The business’s 50-day moving average price is $13.06 and its two-hundred day moving average price is $10.13. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 20.29 and a beta of 2.15.

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

Insider Buying and Selling

In related news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 68,477 shares in the company, valued at approximately $886,777.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Everi news, CEO Randy L. Taylor sold 29,222 shares of the firm’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 value of $378,424.90. Following the completion of the transaction, the chief executive officer now directly owns 794,822 shares in the company, valued at $10,292,944.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the firm’s 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 $155,736.70. Following the completion of the transaction, the executive vice president now owns 68,477 shares of the company’s stock, valued at approximately $886,777.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is owned by corporate insiders.

Institutional Trading of Everi

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its position in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the last quarter. CWM LLC lifted its position in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after buying an additional 1,897 shares during the last quarter. Quarry LP lifted its position in shares of 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 buying an additional 2,864 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Everi in the second quarter valued at approximately $104,000. Finally, EntryPoint Capital LLC lifted its position in shares of Everi by 30.9% in the first quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider’s stock valued at $136,000 after buying an additional 3,200 shares during the last quarter. 95.47% of the stock is 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.