Craig Hallum upgraded shares of Everi Holdings Inc (NYSE:EVRI) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $5.00 price objective on the stock.

Several other equities analysts have also recently commented on EVRI. Zacks Investment Research upgraded shares of Everi Holdings from a hold rating to a buy rating and set a $2.50 price target on the stock in a report on Wednesday, November 30th. Telsey Advisory Group upgraded shares of Everi Holdings from a market perform rating to an outperform rating and boosted their price target for the company from $2.50 to $6.00 in a report on Wednesday, March 15th. Five research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of $4.45.

Shares of Everi Holdings (NYSE:EVRI) traded up 2.35% during mid-day trading on Wednesday, hitting $4.36. The stock had a trading volume of 126,049 shares. Everi Holdings has a one year low of $1.13 and a one year high of $4.47. The firm’s 50 day moving average price is $3.24 and its 200-day moving average price is $2.58.

Everi Holdings (NYSE:EVRI) last posted its quarterly earnings results on Tuesday, March 14th. The company reported ($3.29) EPS for the quarter, missing the consensus estimate of ($0.19) by $3.10. Everi Holdings had a negative net margin of 14.04% and a negative return on equity of 4.76%. The company had revenue of $217.50 million for the quarter, compared to analysts’ expectations of $211.68 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. Analysts predict that Everi Holdings will post ($0.45) earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of EVRI. Eagle Asset Management Inc. boosted its stake in shares of Everi Holdings by 5.1% in the third quarter. Eagle Asset Management Inc. now owns 2,957,834 shares of the company’s stock worth $7,305,000 after buying an additional 143,413 shares in the last quarter. 1st Global Advisors Inc. boosted its stake in shares of Everi Holdings by 9.0% in the third quarter. 1st Global Advisors Inc. now owns 102,961 shares of the company’s stock worth $254,000 after buying an additional 8,463 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Everi Holdings by 6.9% in the third quarter. California Public Employees Retirement System now owns 511,800 shares of the company’s stock worth $1,264,000 after buying an additional 33,100 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in shares of Everi Holdings during the third quarter worth about $259,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of Everi Holdings by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 192,434 shares of the company’s stock worth $475,000 after buying an additional 3,767 shares in the last quarter. Hedge funds and other institutional investors own 57.81% of the company’s stock.

About Everi Holdings

Everi Holdings Inc, formerly Global Cash Access Holdings, Inc, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc and Everi Payments Inc It provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

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