Everi (EVRI) Trading Up 5.4%

Shares of Everi Holdings Inc (NYSE:EVRI) were up 5.4% during trading on Tuesday . The company traded as high as $8.22 and last traded at $8.21. Approximately 611,111 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 620,225 shares. The stock had previously closed at $7.79.

A number of brokerages recently issued reports on EVRI. ValuEngine cut Everi from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Zacks Investment Research upgraded Everi from a “hold” rating to a “strong-buy” rating and set a $8.75 target price on the stock in a report on Tuesday, July 10th. TheStreet upgraded Everi from a “d+” rating to a “c-” rating in a report on Monday, August 6th. Jefferies Financial Group lifted their target price on Everi from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, Stifel Nicolaus began coverage on Everi in a report on Thursday, September 13th. They issued a “buy” rating and a $13.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Everi currently has a consensus rating of “Buy” and a consensus target price of $11.00.

The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of -9.62. The firm has a market capitalization of $637.73 million, a PE ratio of -25.13, a price-to-earnings-growth ratio of 11.46 and a beta of 1.32.

Everi (NYSE:EVRI) last issued its earnings results on Tuesday, August 7th. The credit services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). The company had revenue of $118.68 million during the quarter, compared to analyst estimates of $110.17 million. Research analysts forecast that Everi Holdings Inc will post 0.04 EPS for the current year.

In other news, CAO Todd A. Valli sold 20,000 shares of Everi stock in a transaction on Friday, September 14th. The stock was sold at an average price of $9.34, for a total transaction of $186,800.00. Following the transaction, the chief accounting officer now owns 21,708 shares in the company, valued at $202,752.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward Adam Peters sold 66,251 shares of Everi stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.06, for a total value of $600,234.06. Following the transaction, the executive vice president now owns 60,388 shares in the company, valued at approximately $547,115.28. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Several hedge funds have recently modified their holdings of EVRI. WINTON GROUP Ltd purchased a new position in shares of Everi during the first quarter valued at $108,000. Teton Advisors Inc. purchased a new position in Everi in the second quarter valued at about $108,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Everi by 107.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,800 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 18,000 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in Everi by 87.7% in the second quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 14,864 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Everi by 176.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 36,957 shares of the credit services provider’s stock valued at $266,000 after purchasing an additional 23,583 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

About Everi (NYSE:EVRI)

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 Payments. 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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