Everi Holdings (NYSE:EVRI) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.67.
A number of research analysts have recently weighed in on EVRI shares. Zacks Investment Research cut Everi from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised Everi from a “hold” rating to a “buy” rating in a research report on Monday. Telsey Advisory Group started coverage on Everi in a research report on Tuesday, March 13th. They set an “outperform” rating and a $10.00 price objective on the stock. Finally, Jefferies Group started coverage on Everi in a report on Tuesday, February 20th. They issued a “buy” rating and a $11.00 price target on the stock.
Shares of Everi traded down $0.27, reaching $7.45, during trading hours on Friday, MarketBeat.com reports. 20,079 shares of the company traded hands, compared to its average volume of 611,362. Everi has a 12-month low of $7.44 and a 12-month high of $7.70. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of -8.25.
Institutional investors and hedge funds have recently modified their holdings of the company. Stone Ridge Asset Management LLC purchased a new stake in shares of Everi during the 4th quarter worth approximately $120,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Everi by 740.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 14,800 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Everi during the 4th quarter valued at approximately $177,000. Capital Fund Management S.A. bought a new position in shares of Everi during the 4th quarter valued at approximately $190,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Everi during the 4th quarter valued at approximately $238,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.
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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