Everi Holdings Inc (NYSE:EVRI) shot up 5.4% during trading on Thursday . The stock traded as high as $12.24 and last traded at $11.82. 2,016,709 shares changed hands during mid-day trading, an increase of 101% from the average session volume of 1,001,628 shares. The stock had previously closed at $11.21.

Several research firms have commented on EVRI. Zacks Investment Research upgraded Everi from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, April 25th. ValuEngine upgraded Everi from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Stifel Nicolaus set a $15.00 price objective on Everi and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, SunTrust Banks began coverage on Everi in a research report on Monday, February 11th. They issued a “buy” rating and a $9.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Everi presently has an average rating of “Buy” and a consensus price target of $10.90.

The stock has a market capitalization of $797.14 million, a P/E ratio of 118.20, a P/E/G ratio of 1.81 and a beta of 1.83.

Everi (NYSE:EVRI) last announced its earnings results on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Everi had a negative return on equity of 7.83% and a net margin of 2.82%. The firm had revenue of $123.78 million for the quarter, compared to analyst estimates of $120.92 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts forecast that Everi Holdings Inc will post 0.31 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC lifted its position in shares of Everi by 54.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 49,019 shares of the credit services provider’s stock valued at $450,000 after buying an additional 17,201 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Everi during the 4th quarter valued at approximately $101,000. Moab Capital Partners LLC lifted its position in shares of Everi by 132.5% during the 4th quarter. Moab Capital Partners LLC now owns 2,019,080 shares of the credit services provider’s stock valued at $10,398,000 after buying an additional 1,150,631 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Everi by 796.6% during the 4th quarter. Bank of America Corp DE now owns 332,335 shares of the credit services provider’s stock valued at $1,713,000 after buying an additional 295,268 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Everi by 17.5% during the 4th quarter. Eagle Asset Management Inc. now owns 5,929,002 shares of the credit services provider’s stock valued at $30,534,000 after buying an additional 881,373 shares in the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.

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Everi Company Profile (NYSE:EVRI)

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 FinTech. 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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