Everi Holdings Inc. (NYSE:EVRI)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued on Wednesday. They presently have a $11.00 price target on the credit services provider’s stock.

EVRI has been the subject of several other research reports. BidaskClub upgraded shares of Everi Holdings from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Everi Holdings currently has a consensus rating of “Buy” and a consensus price target of $7.33.

Everi Holdings (NYSE:EVRI) last announced its earnings results on Monday, October 30th. The credit services provider reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.06. The company had revenue of $247.32 million during the quarter, compared to the consensus estimate of $228.37 million. Everi Holdings had a negative net margin of 25.82% and a negative return on equity of 16,159.62%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share.

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In related news, Director Geoffrey P. Judge sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $8.36, for a total transaction of $250,800.00. Following the completion of the sale, the director now owns 69,672 shares in the company, valued at $582,457.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey P. Judge sold 60,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $8.10, for a total transaction of $486,000.00. The disclosure for this sale can be found here. Insiders have sold 115,000 shares of company stock valued at $917,300 in the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRI. Parametric Portfolio Associates LLC purchased a new stake in Everi Holdings during the first quarter worth about $200,000. JPMorgan Chase & Co. purchased a new stake in Everi Holdings during the first quarter worth about $160,000. California Public Employees Retirement System increased its holdings in Everi Holdings by 8.3% during the first quarter. California Public Employees Retirement System now owns 547,800 shares of the credit services provider’s stock worth $2,624,000 after buying an additional 42,200 shares during the last quarter. Vanguard Group Inc. increased its holdings in Everi Holdings by 6.7% during the first quarter. Vanguard Group Inc. now owns 2,640,210 shares of the credit services provider’s stock worth $12,647,000 after buying an additional 166,661 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Everi Holdings by 11.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,647,410 shares of the credit services provider’s stock worth $17,471,000 after buying an additional 382,176 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Everi Holdings Company Profile

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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