StockNews.com Initiates Coverage on Everi (NYSE:EVRI)

Analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research note issued on Monday. The brokerage set a “hold” rating on the credit services provider’s stock.

A number of other analysts have also commented on the company. B. Riley boosted their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price target (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, Raymond James reiterated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.88.

Everi Trading Down 0.2 %

EVRI opened at $13.35 on Monday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 28.39 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a 12 month low of $6.37 and a 12 month high of $13.45. The firm’s fifty day simple moving average is $13.25 and its 200 day simple moving average is $10.99.

Insider Activity at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction 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 trade represents a 14.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 3,060 shares during the period. CWM LLC boosted 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 purchasing an additional 1,897 shares during the period. Huntington National Bank boosted its position 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 purchasing an additional 5,470 shares during the period. 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 valued at $86,000 after purchasing an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Everi in the second quarter valued at about $104,000. 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.