Everi (NYSE:EVRI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Several other research firms have also recently weighed in on EVRI. B. Riley increased 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. Stifel Nicolaus restated a hold rating and issued a $14.25 price target (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James reaffirmed a market perform rating on shares of Everi in a research report on Monday, July 29th. Finally, Truist Financial decreased their target price on Everi from $11.00 to $10.00 and set a hold rating on the stock in a research report on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $13.50.

Everi Price Performance

Shares of Everi stock opened at $13.20 on Wednesday. Everi has a 1-year low of $6.37 and a 1-year high of $13.23. The firm has a fifty day simple moving average of $13.06 and a 200-day simple moving average of $10.15. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 3.94. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 28.09 and a beta of 2.15.

Everi (NYSE:EVRI) last released its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $190.00 million. On average, sell-side analysts expect that Everi will post 0.49 earnings per share for the current year.

Insider Activity at Everi

In related news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Everi news, CFO Mark F. Labay sold 10,645 shares of Everi stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $137,852.75. Following the completion of the transaction, the chief financial officer now owns 192,426 shares in the company, valued at approximately $2,491,916.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,417 shares of company stock valued at $1,713,281 in the last 90 days. 6.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after buying an additional 236,652 shares during the period. Private Capital Management LLC lifted its position in Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after purchasing an additional 461,939 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after purchasing an additional 1,282,682 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Everi by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after buying an additional 745,022 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Everi by 2.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock worth $14,320,000 after buying an additional 30,780 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.