Everi Holdings Inc. (EVRI) Upgraded at BidaskClub
BidaskClub upgraded shares of Everi Holdings Inc. (NYSE:EVRI) from a hold rating to a buy rating in a research note released on Saturday.
Several other analysts also recently commented on EVRI. Zacks Investment Research raised shares of Everi Holdings from a sell rating to a hold rating in a research report on Friday, August 18th. ValuEngine upgraded shares of Everi Holdings from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus lifted their target price 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $6.94.
Everi Holdings (EVRI) opened at 7.49 on Friday. The company’s 50-day moving average is $7.52 and its 200 day moving average is $6.81. Everi Holdings has a 12-month low of $1.21 and a 12-month high of $8.99. The stock’s market capitalization is $500.22 million.
In other news, insider Michael D. Rumbolz sold 15,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 121,742 shares of the company’s stock, valued at $840,019.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.50% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC bought a new position in Everi Holdings during the first quarter valued at approximately $200,000. JPMorgan Chase & Co. bought a new stake in Everi Holdings in the 1st quarter worth approximately $160,000. ClariVest Asset Management LLC bought a new stake in Everi Holdings in the 1st quarter worth approximately $736,000. California Public Employees Retirement System grew its position in Everi Holdings by 8.3% in the 1st quarter. California Public Employees Retirement System now owns 547,800 shares of the credit services provider’s stock worth $2,624,000 after purchasing an additional 42,200 shares during the period. Finally, Laurion Capital Management LP bought a new stake in Everi Holdings in the 1st quarter worth approximately $723,000. 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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