Everi (EVRI) Coverage Initiated by Analysts at SunTrust Banks

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Equities research analysts at SunTrust Banks began coverage on shares of Everi (NYSE:EVRI) in a research report issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $9.00 price target on the credit services provider’s stock. SunTrust Banks’ price objective suggests a potential upside of 24.74% from the company’s previous close.

A number of other research analysts have also commented on the stock. ValuEngine upgraded shares of Everi from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Zacks Investment Research upgraded shares of Everi from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Tuesday, January 8th. Finally, Raymond James began coverage on shares of Everi in a research note on Sunday, December 9th. They set a “strong-buy” rating and a $6.52 price objective on the stock. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Everi currently has a consensus rating of “Buy” and an average price target of $9.13.

Shares of NYSE EVRI traded up $0.22 during mid-day trading on Monday, reaching $7.22. 184,371 shares of the company traded hands, compared to its average volume of 584,266. Everi has a fifty-two week low of $4.76 and a fifty-two week high of $9.82. The firm has a market capitalization of $490.65 million, a PE ratio of -23.27, a P/E/G ratio of 4.82 and a beta of 1.74.

A number of institutional investors have recently bought and sold shares of EVRI. Indaba Capital Management L.P. grew its position in Everi by 52.4% in the third quarter. Indaba Capital Management L.P. now owns 5,049,680 shares of the credit services provider’s stock worth $46,306,000 after buying an additional 1,735,163 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Everi during the 3rd quarter worth approximately $12,580,000. Emerald Advisers Inc. PA purchased a new position in Everi during the 3rd quarter worth approximately $8,933,000. Renaissance Technologies LLC grew its position in Everi by 23.8% during the 3rd quarter. Renaissance Technologies LLC now owns 3,237,299 shares of the credit services provider’s stock worth $29,686,000 after purchasing an additional 621,899 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Everi during the 3rd quarter worth approximately $4,564,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

About Everi

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.

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Analyst Recommendations for Everi (NYSE:EVRI)

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