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

Equities researchers at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the credit services provider’s stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus reissued 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. B. Riley lifted their price objective on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi currently has a consensus rating of “Hold” and a consensus target price of $12.88.

Everi Price Performance

NYSE:EVRI opened at $13.46 on Tuesday. The firm’s fifty day moving average is $13.28 and its two-hundred day moving average is $11.18. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.13. Everi has a one year low of $6.37 and a one year high of $13.48. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Transactions at Everi

In other news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,000 shares of company stock valued at $1,865,420 over the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its stake in 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 purchasing an additional 3,060 shares in the last quarter. CWM LLC lifted its position in Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares in the last quarter. Huntington National Bank boosted its stake in Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after buying an additional 5,470 shares during the last quarter. Quarry LP grew its holdings in Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Everi in the second quarter valued at about $104,000. 95.47% of the stock is 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.