Everi (NYSE:EVRI) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the credit services provider’s stock.

EVRI has been the topic of a number of other reports. Craig Hallum dropped their price objective on shares of Everi from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 17th. TheStreet lowered shares of Everi from a “b-” rating to a “c” rating in a research report on Wednesday, March 1st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Everi has an average rating of “Buy” and a consensus price target of $28.00.

Everi Trading Down 0.8 %

NYSE:EVRI opened at $16.83 on Thursday. Everi has a 12 month low of $13.52 and a 12 month high of $22.78. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.80 and a beta of 2.39. The firm has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $17.04. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 4.47.

Everi (NYSE:EVRI – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The credit services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Everi had a net margin of 15.06% and a return on equity of 55.43%. The firm had revenue of $205.40 million for the quarter, compared to analyst estimates of $197.55 million. During the same period last year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts expect that Everi will post 1.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Everi news, CAO Todd A. Valli sold 5,235 shares of Everi stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $18.58, for a total value of $97,266.30. Following the sale, the chief accounting officer now owns 38,819 shares of the company’s stock, valued at $721,257.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Everi news, Director Geoffrey P. Judge sold 6,000 shares of Everi stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $18.58, for a total value of $111,480.00. Following the sale, the director now owns 61,572 shares of the company’s stock, valued at $1,144,007.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Todd A. Valli sold 5,235 shares of Everi stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.58, for a total transaction of $97,266.30. Following the completion of the transaction, the chief accounting officer now owns 38,819 shares of the company’s stock, valued at approximately $721,257.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,633 shares of company stock valued at $923,333. Company insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Everi

Large investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new position in shares of Everi in the third quarter worth about $1,993,000. Quantbot Technologies LP increased its stake in shares of Everi by 39.8% in the third quarter. Quantbot Technologies LP now owns 33,622 shares of the credit services provider’s stock worth $545,000 after purchasing an additional 9,575 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Everi by 105.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,153 shares of the credit services provider’s stock worth $489,000 after purchasing an additional 15,505 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Everi by 28.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,836,870 shares of the credit services provider’s stock worth $29,795,000 after purchasing an additional 412,110 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Everi by 1.4% in the third quarter. King Luther Capital Management Corp now owns 189,595 shares of the credit services provider’s stock worth $3,075,000 after purchasing an additional 2,645 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

About Everi

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Everi Holdings, Inc engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services.