Everi Holdings Inc. (NYSE:EVRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

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. “

EVRI has been the subject of a number of other research reports. BidaskClub cut Everi Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus lifted their price target on Everi Holdings from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.94.

Shares of Everi Holdings (NYSE:EVRI) traded up 0.41% on Friday, hitting $7.31. The stock had a trading volume of 955,622 shares. The company’s market cap is $488.20 million. The company’s 50 day moving average price is $7.45 and its 200-day moving average price is $5.64. Everi Holdings has a 12 month low of $1.21 and a 12 month high of $8.99.

Everi Holdings (NYSE:EVRI) last posted its quarterly earnings data on Tuesday, May 9th. The credit services provider reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. The firm had revenue of $237.50 million during the quarter, compared to analysts’ expectations of $235.41 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.95%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.20) EPS. On average, analysts expect that Everi Holdings will post ($0.40) earnings per share for the current year.

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In related news, Director Eileen F. Raney acquired 14,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of $6.73 per share, with a total value of $94,220.00. Following the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $336,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. purchased a new stake in Everi Holdings during the second quarter valued at approximately $108,000. Crescent Grove Advisors LLC purchased a new stake in Everi Holdings during the second quarter valued at approximately $109,000. Bank of America Corp DE raised its stake in Everi Holdings by 7,800.0% in the first quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock valued at $112,000 after buying an additional 23,166 shares during the period. Legal & General Group Plc purchased a new stake in Everi Holdings during the second quarter valued at approximately $121,000. Finally, Wayne Hummer Investments L.L.C. purchased a new stake in Everi Holdings during the second quarter valued at approximately $124,000. Hedge funds and other institutional investors own 72.53% 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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