Zacks Investment Research upgraded shares of Everi Holdings Inc (NYSE:EVRI) from a hold rating to a buy rating in a report released on Friday morning. The brokerage currently has $4.50 price target on the stock.

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 topic of several other research reports. Telsey Advisory Group raised shares of Everi Holdings from a market perform rating to an outperform rating and lifted their target price for the stock from $2.50 to $6.00 in a research note on Wednesday, March 15th. Craig Hallum raised shares of Everi Holdings from a hold rating to a buy rating and set a $5.00 price target on the stock in a research report on Wednesday, March 15th. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of $4.45.

Everi Holdings (NYSE:EVRI) traded up 0.94% during trading on Friday, hitting $4.30. 766,807 shares of the stock were exchanged. Everi Holdings has a 52 week low of $1.13 and a 52 week high of $4.47. The stock has a 50 day moving average of $3.24 and a 200-day moving average of $2.58.

Everi Holdings (NYSE:EVRI) last announced its earnings results 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. Everi Holdings had a negative return on equity of 4.76% and a negative net margin of 14.04%. The business had revenue of $217.50 million for the quarter, compared to analyst estimates of $211.68 million. During the same period last year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Everi Holdings will post ($0.45) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Wells Fargo & Company MN boosted its position in shares of Everi Holdings by 118.4% in the third quarter. Wells Fargo & Company MN now owns 63,451 shares of the company’s stock valued at $157,000 after buying an additional 34,404 shares during the last quarter. Spark Investment Management LLC purchased a new position in shares of Everi Holdings during the third quarter valued at $498,000. Eagle Asset Management Inc. boosted its position in shares of Everi Holdings by 5.1% in the third quarter. Eagle Asset Management Inc. now owns 2,957,834 shares of the company’s stock valued at $7,305,000 after buying an additional 143,413 shares during the last quarter. Lafitte Capital Management LP purchased a new position in shares of Everi Holdings during the fourth quarter valued at $1,085,000. Finally, Raging Capital Management LLC purchased a new position in shares of Everi Holdings during the fourth quarter valued at $324,000. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

About Everi Holdings

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.

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