Everi Holdings Inc. (EVRI) Cut to “Hold” at BidaskClub
Everi Holdings Inc. (NYSE:EVRI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.
Other equities research analysts have also issued reports about the stock. Stifel Nicolaus increased their target price on shares of Everi Holdings from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. ValuEngine raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $6.94.
Everi Holdings (NYSE EVRI) traded up 5.44% during trading on Friday, reaching $7.36. The company had a trading volume of 1,129,286 shares. The stock has a 50 day moving average price of $7.55 and a 200 day moving average price of $6.44. Everi Holdings has a 52 week low of $1.21 and a 52 week high of $8.99. The firm’s market capitalization is $491.54 million.
In related news, insider Michael D. Rumbolz sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $6.90, for a total transaction of $103,500.00. Following the completion of the transaction, the insider now owns 121,742 shares in the company, valued at approximately $840,019.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oxford Asset Management raised its position in shares of Everi Holdings by 147.1% during the 1st quarter. Oxford Asset Management now owns 460,937 shares of the credit services provider’s stock worth $2,208,000 after purchasing an additional 274,402 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in shares of Everi Holdings during the 1st quarter worth about $4,790,000. Two Sigma Securities LLC acquired a new position in shares of Everi Holdings during the 1st quarter worth about $233,000. Wedge Capital Management L L P NC acquired a new position in shares of Everi Holdings during the 2nd quarter worth about $331,000. Finally, Renaissance Technologies LLC raised its position in shares of Everi Holdings by 75.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,537,378 shares of the credit services provider’s stock worth $12,154,000 after purchasing an additional 1,094,078 shares during the last quarter. Hedge funds and other institutional investors own 85.46% 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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