Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

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

A number of other equities analysts have also weighed in on the stock. 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 research report on Monday, August 5th. Stifel Nicolaus restated a “hold” rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Finally, Truist Financial decreased their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Six research 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 $13.50.

Everi Stock Performance

NYSE:EVRI opened at $13.14 on Monday. The firm’s fifty day moving average price is $12.40 and its 200 day moving average price is $9.80. Everi has a 1-year low of $6.37 and a 1-year high of $13.87. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 20.22 and a beta of 2.15.

Everi (NYSE:EVRI) last posted its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share 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 firm had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. On average, sell-side analysts expect that Everi will post 0.49 EPS for the current year.

Insider Buying and Selling

In related 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 sale, the executive vice president now directly owns 190,425 shares in the company, valued at approximately $2,494,567.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $155,736.70. Following the completion of the transaction, the executive vice president now owns 68,477 shares of the company’s stock, valued at approximately $886,777.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock worth $1,713,281 in the last three months. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased 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 valued at $27,000 after acquiring an additional 3,060 shares during the last quarter. CWM LLC increased its stake 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 acquiring an additional 1,897 shares during the last quarter. Quarry LP increased its stake in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Everi during the 2nd quarter valued at about $104,000. Finally, EntryPoint Capital LLC increased its stake in shares of Everi by 30.9% during the 1st quarter. EntryPoint Capital LLC now owns 13,545 shares of the credit services provider’s stock valued at $136,000 after acquiring an additional 3,200 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.