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

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

EVRI has been the topic of a number of other reports. Truist Financial lowered their price objective on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Raymond James reaffirmed a “market perform” rating on shares of Everi in a report on Monday, July 29th. Stifel Nicolaus reissued 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. Finally, B. Riley lifted their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Everi has an average rating of “Hold” and a consensus target price of $13.50.

Everi Price Performance

Shares of NYSE:EVRI opened at $13.35 on Friday. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.39. The company’s 50-day moving average is $13.13 and its 200 day moving average is $10.38. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The company has a market capitalization of $1.12 billion, a P/E ratio of 20.54 and a beta of 2.15.

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

Insider Activity

In related news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This 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 accessible through the SEC website. In other news, CEO Randy L. Taylor sold 29,222 shares of the company’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 $378,424.90. Following the completion of the transaction, the chief executive officer now directly owns 794,822 shares in the company, valued at approximately $10,292,944.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren Simmons sold 75,000 shares of the firm’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 transaction, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of Everi by 117.5% during the 2nd 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 last quarter. Oxford Financial Group LTD. LLC boosted its position in Everi by 4.3% during the first quarter. Oxford Financial Group LTD. LLC now owns 48,420 shares of the credit services provider’s stock valued at $487,000 after buying an additional 2,000 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Everi by 4.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock valued at $446,000 after buying an additional 2,347 shares during the last quarter. Quarry LP increased its holdings 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 worth $86,000 after buying an additional 2,864 shares during the period. Finally, Signaturefd LLC lifted 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 last quarter. 95.47% of the stock is currently owned by institutional investors.

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.