Everi Holdings Inc. (EVRI) Rating Increased to Buy at BidaskClub
BidaskClub upgraded shares of Everi Holdings Inc. (NYSE:EVRI) from a hold rating to a buy rating in a research report report published on Saturday.
A number of other equities research analysts have also issued reports on EVRI. Stifel Nicolaus raised their price target on shares of Everi Holdings from $9.00 to $10.00 and gave the stock a buy rating in a report on Wednesday, August 9th. ValuEngine raised shares of Everi Holdings from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Everi Holdings from a sell rating to a hold rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Everi Holdings currently has an average rating of Buy and an average price target of $6.94.
Shares of Everi Holdings (NYSE:EVRI) opened at 7.74 on Friday. Everi Holdings has a 12 month low of $1.21 and a 12 month high of $8.99. The company’s market cap is $516.92 million. The firm’s 50-day moving average is $7.52 and its 200-day moving average is $6.83.
In related news, insider Michael D. Rumbolz sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.90, for a total transaction of $103,500.00. Following the completion of the transaction, the insider now owns 121,742 shares in the company, valued at $840,019.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Citadel Advisors LLC raised its stake in Everi Holdings by 7.1% in the second quarter. Citadel Advisors LLC now owns 88,549 shares of the credit services provider’s stock worth $645,000 after buying an additional 5,842 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in Everi Holdings during the 2nd quarter valued at approximately $101,000. Schwab Charles Investment Management Inc. boosted its position in Everi Holdings by 9.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 168,564 shares of the credit services provider’s stock valued at $808,000 after acquiring an additional 14,364 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Everi Holdings during the 2nd quarter valued at approximately $108,000. Finally, Crescent Grove Advisors LLC bought a new stake in Everi Holdings during the 2nd quarter valued at approximately $109,000. Institutional investors own 85.43% 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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