Everi (NYSE:EVRI) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research note published on Sunday. The firm issued a hold rating on the credit services provider’s stock.

A number of other research analysts have also recently commented on the stock. B. Riley upped their target price on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Raymond James reaffirmed a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Stifel Nicolaus reissued a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, Truist Financial decreased their price target on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi currently has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Stock Performance

Shares of Everi stock opened at $13.39 on Friday. The firm has a market cap of $1.15 billion, a PE ratio of 28.49 and a beta of 2.13. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. Everi has a 52 week low of $6.37 and a 52 week high of $13.45. The business’s fifty day simple moving average is $13.22 and its 200-day simple moving average is $10.82.

Insider Activity at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the 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 sale, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

A number of large investors have recently modified their holdings of EVRI. Janney Montgomery Scott LLC boosted its holdings in Everi by 44.5% in the first quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider’s stock valued at $483,000 after purchasing an additional 14,783 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Everi in the 1st quarter valued at about $1,168,000. Sei Investments Co. boosted its stake in shares of Everi by 13.7% in the 1st quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock valued at $5,495,000 after buying an additional 66,033 shares during the period. Vanguard Group Inc. grew its position in shares of Everi by 3.3% during the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after buying an additional 236,652 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Everi by 2.2% during the first quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock worth $15,106,000 after buying an additional 31,684 shares in the last quarter. 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.