Shares of Everi Holdings Inc (NYSE:EVRI) have been assigned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat 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 12 month target price among brokers that have issued a report on the stock in the last year is $10.67.
A number of analysts have weighed in on the stock. Telsey Advisory Group assumed coverage on shares of Everi in a research report on Tuesday. They set an “outperform” rating and a $10.00 target price for the company. Jefferies Group assumed coverage on shares of Everi in a research report on Tuesday, February 20th. They set a “buy” rating and a $11.00 price objective for the company.
In other news, Director E Miles Kilburn sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now owns 182,186 shares of the company’s stock, valued at approximately $1,457,488. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Rumbolz sold 9,134 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.00, for a total transaction of $73,072.00. Following the sale, the insider now directly owns 113,977 shares of the company’s stock, valued at approximately $911,816. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 192,500 shares of company stock valued at $1,540,000. Insiders own 4.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Eagle Asset Management Inc. lifted its holdings in shares of Everi by 18.5% in the 4th quarter. Eagle Asset Management Inc. now owns 4,237,512 shares of the credit services provider’s stock worth $31,950,000 after purchasing an additional 660,438 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Everi in the 4th quarter worth $24,715,000. Sound Point Capital Management LP lifted its holdings in shares of Everi by 48.0% in the 4th quarter. Sound Point Capital Management LP now owns 2,746,980 shares of the credit services provider’s stock worth $20,712,000 after purchasing an additional 891,401 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Everi by 9.4% in the 4th quarter. Millennium Management LLC now owns 2,516,686 shares of the credit services provider’s stock worth $18,976,000 after purchasing an additional 215,201 shares in the last quarter. Finally, Penn Capital Management Co. Inc. bought a new position in shares of Everi in the 4th quarter worth $10,099,000. 91.10% of the stock is owned by institutional investors.
Shares of Everi (NYSE EVRI) opened at $7.10 on Friday. The firm has a market cap of $485.04, a P/E ratio of -9.22 and a beta of 1.04. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -9.13. Everi has a 52-week low of $3.98 and a 52-week high of $8.99.
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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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