Everi Holdings Inc. (NYSE:EVRI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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. “
Other analysts have also issued research reports about the stock. Stifel Nicolaus lifted their price objective on shares of Everi Holdings from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. BidaskClub lowered shares of Everi Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.94.
Everi Holdings (NYSE:EVRI) traded down 0.39% on Friday, hitting $7.64. 461,714 shares of the stock traded hands. The firm’s market capitalization is $510.24 million. Everi Holdings has a 52 week low of $1.21 and a 52 week high of $8.99. The stock has a 50 day moving average of $7.53 and a 200 day moving average of $5.84.
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A number of hedge funds have recently made changes to their positions in EVRI. 1st Global Advisors Inc. bought a new stake in shares of Everi Holdings during the second quarter valued at approximately $101,000. Alliancebernstein L.P. acquired a new position in Everi Holdings during the second quarter valued at $108,000. Crescent Grove Advisors LLC acquired a new position in Everi Holdings during the second quarter valued at $109,000. Bank of America Corp DE increased its position 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 last quarter. Finally, Legal & General Group Plc acquired a new position in Everi Holdings during the second quarter valued at $121,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.
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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