Everi Holdings Inc. (NYSE:EVRI) has earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $7.00.
EVRI has been the topic of several research reports. BidaskClub downgraded shares of Everi Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus upped their price objective on shares of Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 9th.
In related news, insider Michael D. Rumbolz sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $6.90, for a total value of $103,500.00. Following the transaction, the insider now directly owns 121,742 shares in the company, valued at $840,019.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey P. Judge sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $7.70, for a total transaction of $77,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,000 shares of company stock worth $666,500. Corporate insiders own 4.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. acquired a new position in shares of Everi Holdings in the second quarter valued at about $101,000. Alliancebernstein L.P. acquired a new position in shares of Everi Holdings in the second quarter valued at about $108,000. Crescent Grove Advisors LLC acquired a new position in shares of Everi Holdings in the second quarter valued at about $109,000. Bank of America Corp DE grew its stake in shares of Everi Holdings by 7,800.0% in the first quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock valued at $112,000 after acquiring an additional 23,166 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Everi Holdings in the second quarter valued at about $121,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
Everi Holdings (EVRI) traded down 2.91% on Friday, reaching $8.02. 581,831 shares of the company were exchanged. The stock has a 50 day moving average of $7.62 and a 200 day moving average of $6.99. Everi Holdings has a 12-month low of $1.21 and a 12-month high of $8.99. The firm’s market capitalization is $535.62 million.
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About Everi Holdings
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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