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

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI – Get Rating) in a research report released on Thursday morning. The firm issued a buy rating on the credit services provider’s stock.

EVRI has been the subject of several other research reports. Craig Hallum cut their price target on Everi from $30.00 to $25.00 and set a buy rating for the company in a research note on Tuesday, January 17th. TheStreet cut Everi from a b- rating to a c rating in a report on Wednesday, March 1st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $28.00.

Everi Stock Performance

NYSE EVRI opened at $16.74 on Thursday. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.03 and a current ratio of 1.12. Everi has a fifty-two week low of $13.52 and a fifty-two week high of $22.78. The stock has a 50-day simple moving average of $17.63 and a two-hundred day simple moving average of $17.01. The firm has a market capitalization of $1.48 billion, a P/E ratio of 13.72 and a beta of 2.39.

Everi (NYSE:EVRI – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The credit services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Everi had a return on equity of 55.43% and a net margin of 15.06%. The firm had revenue of $205.40 million during the quarter, compared to analyst estimates of $197.55 million. During the same quarter in the previous year, the business earned $0.26 EPS. Everi’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts forecast that Everi will post 1.32 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP David Lucchese sold 38,398 shares of Everi stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.61, for a total value of $714,586.78. Following the sale, the executive vice president now directly owns 167,287 shares in the company, valued at approximately $3,113,211.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP David Lucchese sold 38,398 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $18.61, for a total transaction of $714,586.78. Following the transaction, the executive vice president now directly owns 167,287 shares in the company, valued at approximately $3,113,211.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Geoffrey P. Judge sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $18.58, for a total value of $111,480.00. Following the transaction, the director now owns 61,572 shares in the company, valued at $1,144,007.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,633 shares of company stock worth $923,333. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EVRI. Point72 Middle East FZE purchased a new stake in shares of Everi during the 4th quarter valued at approximately $60,000. Chartwell Investment Partners LLC raised its position in shares of Everi by 51.0% during the 4th quarter. Chartwell Investment Partners LLC now owns 77,337 shares of the credit services provider’s stock valued at $1,110,000 after buying an additional 26,118 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Everi by 0.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 584,382 shares of the credit services provider’s stock valued at $8,386,000 after buying an additional 5,436 shares during the period. Bridgefront Capital LLC purchased a new stake in shares of Everi during the 4th quarter valued at approximately $187,000. Finally, PFS Investments Inc. raised its position in shares of Everi by 13.0% during the 4th quarter. PFS Investments Inc. now owns 140,538 shares of the credit services provider’s stock valued at $2,017,000 after buying an additional 16,201 shares during the period. 87.51% of the stock is currently owned by institutional investors and hedge funds.

About Everi

(Get Rating)

Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services.