Shares of Everi Holdings Inc (NYSE:EVRI) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.33.
EVRI has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $11.00 price target on shares of Everi in a research note on Wednesday, November 1st. Jefferies Group initiated coverage on shares of Everi in a research note on Tuesday. They issued a “buy” rating on the stock. Finally, BidaskClub raised shares of Everi from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th.
In other Everi news, insider Michael D. Rumbolz sold 33,366 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total transaction of $266,928.00. Following the transaction, the insider now directly owns 110,302 shares of the company’s stock, valued at $882,416. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director E Miles Kilburn sold 150,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total transaction of $1,200,000.00. Following the transaction, the director now directly owns 182,186 shares in the company, valued at $1,457,488. The disclosure for this sale can be found here. Insiders sold 192,500 shares of company stock worth $1,540,000 over the last ninety days. 4.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Everi by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 215,141 shares of the credit services provider’s stock valued at $1,633,000 after acquiring an additional 6,237 shares during the period. New York State Common Retirement Fund boosted its holdings in Everi by 22.4% during the third quarter. New York State Common Retirement Fund now owns 66,200 shares of the credit services provider’s stock valued at $502,000 after acquiring an additional 12,100 shares during the period. Alliancebernstein L.P. bought a new stake in Everi during the second quarter valued at about $108,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Everi by 740.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 14,800 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new stake in Everi during the fourth quarter valued at about $120,000. 87.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Everi (NYSE EVRI) opened at $7.15 on Tuesday. Everi has a one year low of $3.11 and a one year high of $8.99. The company has a debt-to-equity ratio of -9.13, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a market cap of $478.31, a price-to-earnings ratio of -1.92 and a beta of 1.04.
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Everi Company Profile
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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