Shares of Everi Holdings Inc. (NYSE:EVRI) have earned an average rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $25.88.
EVRI has been the subject of a number of research reports. Zacks Investment Research cut shares of Everi from a “buy” rating to a “hold” rating in a report on Monday, August 23rd. B. Riley raised their price target on shares of Everi from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 5th. Jefferies Financial Group initiated coverage on shares of Everi in a report on Tuesday, July 6th. They issued a “buy” rating and a $30.00 price target for the company. Finally, BTIG Research raised their price target on shares of Everi from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 9th.
Shares of EVRI traded up $1.16 during trading hours on Thursday, hitting $23.98. 1,365,453 shares of the stock were exchanged, compared to its average volume of 1,157,692. Everi has a fifty-two week low of $7.82 and a fifty-two week high of $25.90. The company has a debt-to-equity ratio of 19.65, a current ratio of 1.59 and a quick ratio of 1.49. The business has a 50-day moving average of $22.38 and a 200-day moving average of $19.92. The firm has a market capitalization of $2.16 billion, a P/E ratio of 42.07 and a beta of 2.99.
In related news, Director Linster W. Fox sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 14th. The shares were sold at an average price of $23.58, for a total transaction of $589,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Randy L. Taylor sold 49,859 shares of the firm’s stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $25.56, for a total transaction of $1,274,396.04. Following the transaction, the chief operating officer now directly owns 249,355 shares in the company, valued at $6,373,513.80. The disclosure for this sale can be found here. Insiders have sold 228,772 shares of company stock valued at $5,403,821 over the last quarter. Corporate insiders own 5.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EVRI. Invesco Ltd. raised its position in Everi by 586.4% in the second quarter. Invesco Ltd. now owns 2,703,211 shares of the credit services provider’s stock worth $67,418,000 after acquiring an additional 2,309,363 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Everi in the second quarter worth about $34,236,000. Simcoe Capital Management LLC purchased a new position in shares of Everi in the second quarter worth about $22,200,000. Intrinsic Edge Capital Management LLC increased its stake in shares of Everi by 166.2% in the first quarter. Intrinsic Edge Capital Management LLC now owns 1,346,302 shares of the credit services provider’s stock worth $18,996,000 after purchasing an additional 840,526 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Everi by 18.2% in the second quarter. Vanguard Group Inc. now owns 5,284,783 shares of the credit services provider’s stock worth $131,802,000 after purchasing an additional 813,404 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.
Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive and gaming industry. It operates through the following segments: Games and FinTech. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions and ancillary products and services.
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