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

Stock analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a note issued to investors on Sunday. The firm set a “hold” rating on the credit services provider’s stock.

A number of other brokerages have also recently commented on EVRI. Raymond James reissued a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. B. Riley upped 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, Truist Financial lowered their price objective 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, According to data from MarketBeat.com, Everi currently has a consensus rating of “Hold” and an average price target of $13.50.

Everi Price Performance

NYSE:EVRI opened at $13.13 on Friday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.19 and a beta of 2.15. Everi has a 52-week low of $6.37 and a 52-week high of $14.91. The stock has a fifty day moving average of $11.80 and a 200 day moving average of $9.65. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05.

Everi (NYSE:EVRI) last released its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The firm had revenue of $191.19 million for the quarter, compared to the consensus estimate of $190.00 million. On average, research analysts expect that Everi will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 owns 190,425 shares in the company, valued at $2,494,567.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark F. Labay sold 10,645 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $137,852.75. Following the transaction, the chief financial officer now owns 192,426 shares of the company’s stock, valued at approximately $2,491,916.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,417 shares of company stock worth $1,713,281. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

A number of large investors have recently modified their holdings of EVRI. Clearbridge Investments LLC boosted its holdings in shares of Everi by 85.3% in the second 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 period. Goldman Sachs Group Inc. boosted its holdings in shares of Everi by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after purchasing an additional 745,022 shares during the period. Private Capital Management LLC boosted its holdings in shares of Everi by 38.6% in the fourth quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock valued at $26,251,000 after purchasing an additional 648,696 shares during the period. Burgundy Asset Management Ltd. raised its stake in Everi by 1,230.8% in the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock worth $5,745,000 after buying an additional 632,544 shares in the last quarter. Finally, Breach Inlet Capital Management LLC bought a new position in Everi in the fourth quarter worth approximately $6,051,000. Hedge funds and other institutional investors 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.