Everi Holdings Inc. (NYSE:EVRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and technology solutions, as well as compliance and software. Multimedia Games Holding Company, Inc., designs, manufactures and supplies gaming machines and systems. Everi Holdings Inc., formerly known as Global Cash Access Holdings, Inc., is headquartered in Las Vegas, United States. “

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus boosted their price objective on Everi Holdings from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut Everi Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.94.

Shares of Everi Holdings (EVRI) opened at 7.31 on Friday. The firm’s 50-day moving average price is $7.47 and its 200-day moving average price is $5.67. Everi Holdings has a 52 week low of $1.21 and a 52 week high of $8.99. The firm’s market cap is $488.20 million.

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In other news, Director Eileen F. Raney purchased 14,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average cost of $6.73 per share, for a total transaction of $94,220.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $336,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Everi Holdings by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,234 shares of the credit services provider’s stock valued at $7,086,000 after buying an additional 281,429 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Everi Holdings by 317.2% in the first quarter. Acadian Asset Management LLC now owns 354,837 shares of the credit services provider’s stock valued at $1,700,000 after buying an additional 269,791 shares in the last quarter. TFS Capital LLC raised its position in shares of Everi Holdings by 178.5% in the first quarter. TFS Capital LLC now owns 280,297 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 179,657 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of Everi Holdings during the first quarter valued at about $200,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Everi Holdings during the first quarter valued at about $169,000. Hedge funds and other institutional investors own 72.53% of the company’s stock.

About Everi Holdings

Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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