Everi (NYSE:EVRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a research report issued on Tuesday. The brokerage set a “hold” rating on the credit services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Raymond James reaffirmed a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a research note on Wednesday, July 31st. Finally, B. Riley boosted their price objective on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, Everi presently has an average rating of “Hold” and an average price target of $12.88.

Everi Trading Down 0.1 %

NYSE EVRI opened at $13.46 on Tuesday. Everi has a 12 month low of $6.37 and a 12 month high of $13.48. The stock has a market capitalization of $1.16 billion, a P/E ratio of 89.87 and a beta of 2.13. The firm’s 50-day moving average is $13.28 and its two-hundred day moving average is $11.18. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Insider Buying and Selling at Everi

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the sale, the director now owns 91,572 shares of the company’s stock, valued at $1,224,317.64. This trade represents a 14.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,000 shares of company stock valued at $1,865,420 in the last 90 days. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after purchasing an additional 236,652 shares during the last quarter. Private Capital Management LLC increased its holdings in Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after buying an additional 461,939 shares during the last quarter. Clearbridge Investments LLC raised its stake in Everi by 85.3% in the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after buying an additional 1,282,682 shares in the last quarter. Glazer Capital LLC purchased a new stake in Everi during the 3rd quarter worth about $33,507,000. Finally, Alpine Associates Management Inc. acquired a new position in shares of Everi during the 3rd quarter worth about $24,815,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.