Everi Holdings Inc. (EVRI) Rating Lowered to Hold at BidaskClub

BidaskClub cut shares of Everi Holdings Inc. (NYSE:EVRI) from a buy rating to a hold rating in a research note released on Saturday.

Several other equities research analysts also recently commented on the company. Zacks Investment Research raised Everi Holdings from a sell rating to a hold rating in a report on Friday, August 18th. Stifel Nicolaus boosted their target price on Everi Holdings from $9.00 to $10.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Finally, ValuEngine raised Everi Holdings from a sell rating to a hold rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $6.94.

Shares of Everi Holdings (NYSE EVRI) opened at 7.46 on Friday. The stock’s market capitalization is $498.22 million. The company has a 50-day moving average price of $7.55 and a 200-day moving average price of $6.55. Everi Holdings has a 52-week low of $1.21 and a 52-week high of $8.99.

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In other news, insider Michael D. Rumbolz sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $6.90, for a total value of $103,500.00. Following the completion of the transaction, the insider now owns 121,742 shares in the company, valued at $840,019.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Everi Holdings by 91.9% in the second quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock worth $35,445,000 after purchasing an additional 2,331,500 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Everi Holdings by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,965,918 shares of the credit services provider’s stock worth $28,872,000 after purchasing an additional 318,508 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Everi Holdings by 6.8% in the second quarter. Eagle Asset Management Inc. now owns 3,159,785 shares of the credit services provider’s stock worth $23,003,000 after purchasing an additional 201,951 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Everi Holdings by 16.3% in the second quarter. Vanguard Group Inc. now owns 3,069,761 shares of the credit services provider’s stock worth $22,348,000 after purchasing an additional 429,551 shares during the last quarter. Finally, Numeric Investors LLC raised its stake in shares of Everi Holdings by 639.8% in the second quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock worth $11,619,000 after purchasing an additional 1,380,322 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Everi Holdings Company Profile

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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