LPL Financial LLC increased its position in Everi Holdings Inc. (NYSE:EVRI – Free Report) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,798 shares of the credit services provider’s stock after buying an additional 7,499 shares during the period. LPL Financial LLC owned about 0.07% of Everi worth $908,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC raised its position in shares of Everi by 1,241.7% in the first quarter. Global Retirement Partners LLC now owns 1,771 shares of the credit services provider’s stock valued at $27,000 after buying an additional 1,639 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Everi by 42.9% in the third quarter. Federated Hermes Inc. now owns 2,350 shares of the credit services provider’s stock valued at $38,000 after buying an additional 706 shares during the last quarter. Point72 Middle East FZE acquired a new position in shares of Everi in the fourth quarter valued at approximately $60,000. Lazard Asset Management LLC increased its position in Everi by 7,296.6% during the first quarter. Lazard Asset Management LLC now owns 4,364 shares of the credit services provider’s stock worth $91,000 after purchasing an additional 4,305 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Everi during the second quarter worth approximately $120,000. Institutional investors and hedge funds own 87.83% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented 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 dropped their price target on shares of Everi from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Raymond James dropped their price target on shares of Everi from $20.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 9th. StockNews.com started coverage on shares of Everi in a research report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Truist Financial decreased their price objective on shares of Everi from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $21.00.
Everi Price Performance
EVRI opened at $11.18 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 3.98. Everi Holdings Inc. has a 52-week low of $10.33 and a 52-week high of $19.85. The company has a 50 day moving average of $12.34 and a two-hundred day moving average of $13.76. The company has a market cap of $956.64 million, a P/E ratio of 9.64 and a beta of 2.27.
In other news, CEO Randy L. Taylor bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $14.27 per share, for a total transaction of $71,350.00. Following the completion of the purchase, the chief executive officer now owns 522,622 shares of the company’s stock, valued at $7,457,815.94. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.70% 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.
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