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

EVRI has been the subject of several other research reports. Stifel Nicolaus restated a “buy” rating and issued a $9.00 target price (up previously from $7.50) on shares of Everi Holdings in a report on Monday, June 12th. ValuEngine upgraded shares of Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub cut shares of Everi Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One research 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 company presently has a consensus rating of “Hold” and an average target price of $6.94.

Everi Holdings (NYSE:EVRI) traded up 0.41% during midday trading on Friday, reaching $7.31. 955,622 shares of the company were exchanged. The firm has a 50-day moving average price of $7.47 and a 200-day moving average price of $5.67. Everi Holdings has a 52 week low of $1.21 and a 52 week high of $8.99. The company’s market capitalization is $488.20 million.

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

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In other Everi Holdings news, Director Eileen F. Raney purchased 14,000 shares of Everi Holdings stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of $6.73 per share, for a total transaction of $94,220.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at $336,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in EVRI. Laurion Capital Management LP purchased a new position in shares of Everi Holdings during the first quarter worth approximately $723,000. California Public Employees Retirement System increased its position in shares of Everi Holdings by 8.3% in the first quarter. California Public Employees Retirement System now owns 547,800 shares of the credit services provider’s stock worth $2,624,000 after buying an additional 42,200 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in shares of Everi Holdings during the first quarter worth approximately $736,000. Spark Investment Management LLC increased its position in shares of Everi Holdings by 11.3% in the first quarter. Spark Investment Management LLC now owns 542,300 shares of the credit services provider’s stock worth $2,597,000 after buying an additional 54,900 shares during the last quarter. Finally, EAM Investors LLC purchased a new position in shares of Everi Holdings during the first quarter worth approximately $672,000. 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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