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

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

A number of other equities research analysts have also recently issued reports on EVRI. B. Riley upped their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus restated a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. Finally, Raymond James restated 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, According to data from MarketBeat.com, Everi presently has an average rating of “Hold” and an average price target of $12.88.

Everi Trading Down 0.1 %

Everi stock opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a one year low of $6.37 and a one year high of $13.48. The company’s fifty day moving average price is $13.28 and its two-hundred day moving average price is $11.19. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.74 and a beta of 2.13.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated 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 owns 91,572 shares of the company’s stock, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at $1,905,659.88. This trade represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,000 shares of company stock worth $1,865,420. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its position in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares in the last quarter. CWM LLC raised its position in Everi by 117.5% in 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 in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Everi by 4.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after buying an additional 2,347 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after buying an additional 2,864 shares in the last quarter. Institutional investors and hedge funds 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.