Roth Capital began coverage on shares of Everi (NYSE:EVRI) in a research note published on Friday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $17.00 price target on the credit services provider’s stock.
Several other research firms have also issued reports on EVRI. ValuEngine upgraded Everi from a hold rating to a buy rating in a report on Tuesday, May 26th. TheStreet lowered Everi from a c rating to a d+ rating in a report on Friday, March 27th. SunTrust Banks upped their target price on Everi from $6.00 to $8.00 and gave the stock a buy rating in a report on Wednesday, June 3rd. Raymond James dropped their price objective on Everi from $14.00 to $10.00 and set a strong-buy rating on the stock in a research note on Wednesday, June 3rd. Finally, Zacks Investment Research upgraded Everi from a strong sell rating to a hold rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Everi currently has an average rating of Buy and a consensus price target of $11.83.
EVRI stock opened at $5.98 on Friday. The company has a debt-to-equity ratio of 23.49, a current ratio of 1.10 and a quick ratio of 0.87. The stock has a market capitalization of $510.22 million, a P/E ratio of -299.00 and a beta of 2.73. The business has a 50-day moving average of $5.97 and a 200-day moving average of $7.96. Everi has a fifty-two week low of $1.55 and a fifty-two week high of $14.88.
Everi (NYSE:EVRI) last released its earnings results on Tuesday, June 2nd. The credit services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Everi had a negative return on equity of 55.79% and a negative net margin of 0.54%. The company had revenue of $113.31 million for the quarter, compared to the consensus estimate of $116.40 million. Equities analysts expect that Everi will post -1.05 EPS for the current year.
In other Everi news, Director Geoffrey P. Judge sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $7.51, for a total value of $300,400.00. Following the sale, the director now owns 144,672 shares in the company, valued at $1,086,486.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Capital Research Global Investors increased its stake in shares of Everi by 267.7% during the first quarter. Capital Research Global Investors now owns 5,240,260 shares of the credit services provider’s stock worth $17,293,000 after purchasing an additional 3,815,260 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Everi by 211.0% during the first quarter. Thrivent Financial for Lutherans now owns 4,175,888 shares of the credit services provider’s stock worth $13,780,000 after purchasing an additional 2,833,045 shares during the period. Silvercrest Asset Management Group LLC bought a new position in shares of Everi during the first quarter worth approximately $7,190,000. Marshall Wace LLP increased its stake in shares of Everi by 26,156.0% during the fourth quarter. Marshall Wace LLP now owns 1,466,921 shares of the credit services provider’s stock worth $19,701,000 after purchasing an additional 1,461,334 shares during the period. Finally, DG Capital Management LLC bought a new position in shares of Everi during the first quarter worth approximately $4,367,000. Institutional investors own 93.21% of the company’s stock.
Everi Company Profile
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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