Everi Holdings Inc. (NYSE:EVRI) Receives $13.50 Average Target Price from Analysts

Shares of Everi Holdings Inc. (NYSE:EVRI) have been given an average rating of “Hold” by the five analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.88.

Several equities research analysts have commented on the stock. Stifel Nicolaus reaffirmed 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. StockNews.com initiated coverage on Everi in a research report on Sunday. They set a “hold” rating on the stock. Truist Financial lowered their price target on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. B. Riley boosted their price objective on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Raymond James reiterated a “market perform” rating on shares of Everi in a research report on Monday, July 29th.

Everi Price Performance

Shares of EVRI stock opened at $13.35 on Wednesday. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.45. 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 firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.40 and a beta of 2.13. The stock’s 50-day simple moving average is $13.22 and its 200-day simple moving average is $10.80.

Insider Transactions at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’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 $2,494,567.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Janney Montgomery Scott LLC raised 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 acquiring an additional 14,783 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Everi in the 1st quarter valued at approximately $1,168,000. Sei Investments Co. lifted its stake in shares of Everi by 13.7% in the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock valued at $5,495,000 after purchasing an additional 66,033 shares during the period. Vanguard Group Inc. grew its holdings in Everi by 3.3% in the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after purchasing an additional 236,652 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Everi by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock worth $15,106,000 after purchasing 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.