Everi Holdings Inc. (NYSE:EVRI) has earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $7.00.
Several research analysts have recently weighed in on EVRI shares. BidaskClub upgraded Everi Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating and set a $9.00 price target (up previously from $7.50) on shares of Everi Holdings in a research note on Monday, June 12th. Finally, Zacks Investment Research upgraded Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 18th.
Shares of Everi Holdings (NYSE:EVRI) traded up 3.84% during midday trading on Friday, hitting $8.12. 1,909,241 shares of the stock were exchanged. Everi Holdings has a 1-year low of $1.21 and a 1-year high of $8.99. The stock’s 50-day moving average price is $7.53 and its 200-day moving average price is $6.87. The firm’s market capitalization is $542.29 million.
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In other Everi Holdings news, Director Geoffrey P. Judge sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $7.70, for a total value of $77,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Rumbolz sold 15,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $840,019.80. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of Everi Holdings by 91.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock valued at $35,445,000 after acquiring an additional 2,331,500 shares in the last quarter. Numeric Investors LLC raised its holdings in shares of Everi Holdings by 639.8% in the 2nd quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock valued at $11,619,000 after acquiring an additional 1,380,322 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Everi Holdings by 3,400.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,045,186 shares of the credit services provider’s stock valued at $7,609,000 after acquiring an additional 1,015,330 shares in the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of Everi Holdings in the 1st quarter valued at about $4,790,000. Finally, Castleark Management LLC purchased a new stake in shares of Everi Holdings in the 2nd quarter valued at about $7,172,000. Institutional investors and hedge funds 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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