Everi (NYSE:EVRI) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research report report published on Saturday morning. The brokerage issued a hold rating on the credit services provider’s stock.

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

Everi Price Performance

Shares of NYSE EVRI opened at $13.11 on Friday. Everi has a 1-year low of $6.37 and a 1-year high of $15.13. The business has a 50-day moving average of $11.51 and a 200-day moving average of $9.61. 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 company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.16 and a beta of 2.15.

Everi (NYSE:EVRI) last issued 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. The firm had revenue of $191.19 million during the quarter, compared to the consensus estimate of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. On average, equities analysts anticipate that Everi will post 0.49 EPS for the current fiscal year.

Insider Activity at Everi

In related news, EVP Darren Simmons sold 75,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Everi news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction 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 directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark F. Labay sold 10,645 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 192,426 shares of the company’s stock, valued at $2,491,916.70. The disclosure for this sale can be found here. Insiders have sold a total of 131,417 shares of company stock worth $1,713,281 in the last three months. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVRI. Signaturefd LLC grew its holdings in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 3,060 shares during the last quarter. CWM LLC grew its holdings in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 1,897 shares during the last quarter. Quarry LP grew its holdings in shares of Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Everi in the 2nd quarter worth $104,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Everi in the 2nd quarter worth $118,000. 95.47% of the stock is owned by institutional investors.

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.