Telsey Advisory Group upgraded shares of Everi Holdings Inc (NYSE:EVRI) from a market perform rating to an outperform rating in a research report released on Wednesday. Telsey Advisory Group currently has $6.00 price target on the stock, up from their prior price target of $2.50.

Separately, Zacks Investment Research lowered Everi Holdings from a buy rating to a hold rating in a report on Tuesday, January 3rd. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average target price of $4.45.

Everi Holdings (NYSE:EVRI) opened at 4.24 on Wednesday. The firm’s 50-day moving average price is $3.24 and its 200 day moving average price is $2.58. Everi Holdings has a 12-month low of $1.13 and a 12-month high of $4.47.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/everi-holdings-inc-evri-raised-to-outperform-at-telsey-advisory-group.html

Everi Holdings (NYSE:EVRI) last issued its quarterly earnings data on Tuesday, March 14th. The company reported ($3.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $3.10. The firm had revenue of $217.50 million for the quarter, compared to analysts’ expectations of $211.68 million. Everi Holdings had a negative return on equity of 4.76% and a negative net margin of 14.04%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. On average, equities analysts forecast that Everi Holdings will post ($0.45) EPS for the current year.

Your IP Address:

Institutional investors have recently added to or reduced their stakes in the company. Putnam Investments LLC raised its position in Everi Holdings by 42.1% in the fourth quarter. Putnam Investments LLC now owns 762,414 shares of the company’s stock worth $1,654,000 after buying an additional 225,700 shares in the last quarter. Sound Point Capital Management LP bought a new position in Everi Holdings during the fourth quarter worth about $4,132,000. Lafitte Capital Management LP bought a new position in Everi Holdings during the fourth quarter worth about $1,085,000. Raging Capital Management LLC bought a new position in Everi Holdings during the fourth quarter worth about $324,000. Finally, Two Sigma Investments LP bought a new position in Everi Holdings during the fourth quarter worth about $130,000. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

Everi Holdings Company Profile

Everi Holdings Inc, formerly Global Cash Access Holdings, Inc, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc and Everi Payments Inc It provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.

5 Day Chart for NYSE:EVRI

Receive News & Ratings for Everi Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.