Everi (NYSE:EVRI) Price Target Cut to $16.00 by Analysts at Raymond James

Everi (NYSE:EVRI) had its price objective trimmed by Raymond James from $20.00 to $16.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a strong-buy rating on the credit services provider’s stock.

A number of other research firms have also weighed in on EVRI. TheStreet lowered shares of Everi from a b- rating to a c+ rating in a research report on Wednesday, November 1st. B. Riley reduced their price target on Everi from $27.00 to $24.00 and set a buy rating on the stock in a research note on Thursday, August 10th. Truist Financial lowered their price objective on Everi from $20.00 to $17.00 and set a buy rating for the company in a research report on Wednesday, October 18th. Finally, StockNews.com began coverage on Everi in a research report on Thursday, October 5th. They set a buy rating on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and an average price target of $21.00.

Everi Trading Up 4.6 %

Shares of EVRI stock opened at $11.44 on Thursday. The company has a market capitalization of $978.89 million, a price-to-earnings ratio of 9.86 and a beta of 2.27. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 3.98. The firm has a 50-day moving average price of $12.66 and a 200 day moving average price of $13.90. Everi has a twelve month low of $10.33 and a twelve month high of $19.85.

Insider Activity

In other news, CEO Randy L. Taylor bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $14.27 per share, with a total value of $71,350.00. Following the transaction, the chief executive officer now owns 522,622 shares of the company’s stock, valued at approximately $7,457,815.94. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in Everi by 60.9% during the first quarter. HighTower Advisors LLC now owns 16,791 shares of the credit services provider’s stock worth $353,000 after buying an additional 6,356 shares during the period. PNC Financial Services Group Inc. boosted its position in Everi by 34.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,967 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 2,563 shares during the period. MetLife Investment Management LLC increased its holdings in Everi by 52.4% in the 1st quarter. MetLife Investment Management LLC now owns 47,250 shares of the credit services provider’s stock valued at $992,000 after purchasing an additional 16,245 shares in the last quarter. Sei Investments Co. raised its position in Everi by 6.6% in the first quarter. Sei Investments Co. now owns 35,909 shares of the credit services provider’s stock valued at $739,000 after purchasing an additional 2,222 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Everi by 11.4% during the first quarter. Federated Hermes Inc. now owns 508,662 shares of the credit services provider’s stock worth $10,682,000 after purchasing an additional 51,897 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, Australia, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and Financial Technology Solutions.