Zacks Investment Research upgraded shares of Everi (NYSE:EVRI) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $6.25 price target on the credit services provider’s stock.

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. “

A number of other analysts have also recently commented on the stock. Raymond James started coverage on shares of Everi in a research report on Friday, November 30th. They issued a strong-buy rating and a $11.00 price objective for the company. Stifel Nicolaus started coverage on shares of Everi in a research report on Thursday, September 13th. They issued a buy rating and a $13.00 price objective for the company. Finally, ValuEngine cut shares of Everi from a buy rating to a hold rating in a research report on Tuesday, November 20th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Everi has a consensus rating of Buy and a consensus target price of $9.55.

Shares of Everi stock traded up $0.17 on Tuesday, hitting $6.22. 55,571 shares of the company’s stock traded hands, compared to its average volume of 980,954. The stock has a market capitalization of $411.33 million, a price-to-earnings ratio of -20.16, a PEG ratio of 4.04 and a beta of 1.61. Everi has a one year low of $4.76 and a one year high of $9.82.

Everi (NYSE:EVRI) last issued its earnings results on Tuesday, November 6th. The credit services provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $120.30 million for the quarter, compared to the consensus estimate of $113.53 million. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) EPS. On average, research analysts forecast that Everi will post 0.06 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVRI. Teachers Advisors LLC boosted its stake in Everi by 4.5% in the 3rd quarter. Teachers Advisors LLC now owns 274,076 shares of the credit services provider’s stock worth $2,513,000 after purchasing an additional 11,881 shares during the period. Cowen Prime Services LLC acquired a new position in Everi in the 3rd quarter worth $115,000. MetLife Investment Advisors LLC boosted its stake in Everi by 87.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 14,864 shares during the period. Private Capital Management LLC boosted its stake in Everi by 0.5% in the 3rd quarter. Private Capital Management LLC now owns 3,605,245 shares of the credit services provider’s stock worth $33,060,000 after purchasing an additional 17,857 shares during the period. Finally, Northern Trust Corp boosted its stake in Everi by 2.3% in the 2nd quarter. Northern Trust Corp now owns 853,367 shares of the credit services provider’s stock worth $6,144,000 after purchasing an additional 18,884 shares during the period. Institutional investors and hedge funds own 88.79% of the company’s stock.

Everi Company Profile

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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