Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

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

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

Everi Trading Up 0.1 %

Shares of EVRI opened at $13.14 on Friday. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. Everi has a 1-year low of $6.37 and a 1-year high of $14.91. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 20.22 and a beta of 2.15. The firm has a 50 day simple moving average of $11.89 and a 200-day simple moving average of $9.66.

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

Insider Buying and Selling

In other Everi news, CFO Mark F. Labay sold 10,645 shares of Everi 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 owns 192,426 shares in the company, valued at approximately $2,491,916.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Mark F. Labay sold 10,645 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was 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 in the company, valued at approximately $2,491,916.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction dated Friday, August 9th. The shares were 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. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,417 shares of company stock valued at $1,713,281. Insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Everi

Several institutional investors have recently bought and sold shares of EVRI. Signaturefd LLC raised its stake 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 valued at $27,000 after acquiring an additional 3,060 shares during the period. CWM LLC raised 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 valued at $30,000 after purchasing an additional 1,897 shares during the period. Quarry LP lifted its stake in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Everi in the second quarter worth about $104,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Everi in the second quarter worth about $118,000. 95.47% of the stock is currently owned by hedge funds and other 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.