Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report issued on Sunday morning. The firm issued a hold rating on the credit services provider’s stock.

Several other research firms have also weighed in on EVRI. Stifel Nicolaus reiterated a hold rating and issued a $14.25 price objective (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. B. Riley lifted their price target 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. Raymond James reissued a market perform rating on shares of Everi in a research report on Monday, July 29th. Finally, Truist Financial reduced their price target on shares of Everi from $11.00 to $10.00 and set a hold rating for the company 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, the stock presently has an average rating of Hold and a consensus price target of $13.50.

Everi Stock Performance

NYSE:EVRI opened at $13.18 on Friday. The company has a fifty day moving average of $12.06 and a 200-day moving average of $9.70. The firm has a market capitalization of $1.11 billion, a P/E ratio of 20.28 and a beta of 2.15. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. Everi has a twelve month low of $6.37 and a twelve month high of $14.62.

Everi (NYSE:EVRI) last released its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $191.19 million during the quarter, compared to analyst estimates of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. As a group, sell-side analysts anticipate that Everi will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other Everi news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of Everi stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the transaction, the executive vice president now directly owns 68,477 shares of the company’s stock, valued at approximately $886,777.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the executive vice president now owns 68,477 shares in the company, valued at $886,777.15. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock valued at $1,713,281 in the last three months. 6.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Clearbridge Investments LLC raised its stake in Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after acquiring an additional 1,282,682 shares during the period. Goldman Sachs Group Inc. raised its stake in Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock valued at $20,841,000 after acquiring an additional 745,022 shares during the period. Private Capital Management LLC raised its stake in Everi by 38.6% in the 4th quarter. Private Capital Management LLC now owns 2,329,241 shares of the credit services provider’s stock valued at $26,251,000 after acquiring an additional 648,696 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of Everi by 1,230.8% during the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock valued at $5,745,000 after buying an additional 632,544 shares during the period. Finally, Breach Inlet Capital Management LLC bought a new stake in shares of Everi during the fourth quarter valued at about $6,051,000. 95.47% of the stock is currently owned by institutional investors.

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.