StockNews.com Begins Coverage on Everi (NYSE:EVRI)

Equities research analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the credit services provider’s stock.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $14.25 target price (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Truist Financial decreased their target price on Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Finally, B. Riley raised their price objective on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Everi currently has an average rating of “Hold” and an average target price of $12.88.

Everi Price Performance

NYSE:EVRI opened at $13.35 on Friday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.40 and a beta of 2.13. Everi has a one year low of $6.37 and a one year high of $13.45. The stock has a 50-day simple moving average of $13.21 and a 200 day simple moving average of $10.77.

Insider Transactions at Everi

In other Everi news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

Institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC bought a new position in Everi during the third quarter worth $232,000. King Luther Capital Management Corp grew its position in Everi by 41.9% in the 3rd quarter. King Luther Capital Management Corp now owns 390,796 shares of the credit services provider’s stock worth $5,135,000 after purchasing an additional 115,485 shares during the last quarter. Alpine Associates Management Inc. bought a new position in shares of Everi during the 3rd quarter worth about $24,815,000. Huntington National Bank raised its position in shares of Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after buying an additional 5,470 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Everi in the third quarter valued at about $2,113,000. 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.