BidaskClub Downgrades Everi Holdings Inc. (EVRI) to Hold
Everi Holdings Inc. (NYSE:EVRI) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Several other research firms have also issued reports on EVRI. Zacks Investment Research raised Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Stifel Nicolaus increased their price objective on Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.94.
Shares of Everi Holdings (EVRI) opened at 7.36 on Friday. The firm’s market capitalization is $491.54 million. The company’s 50-day moving average price is $7.55 and its 200 day moving average price is $6.44. Everi Holdings has a 12-month low of $1.21 and a 12-month high of $8.99.
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In other Everi Holdings news, insider Michael D. Rumbolz sold 15,000 shares of the stock in a transaction on Thursday, September 14th. The stock was 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 directly owns 121,742 shares of the company’s stock, valued at $840,019.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in Everi Holdings by 91.9% during the second quarter. Renaissance Technologies LLC now owns 4,868,878 shares of the credit services provider’s stock valued at $35,445,000 after purchasing an additional 2,331,500 shares during the period. Dimensional Fund Advisors LP grew its holdings in Everi Holdings by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,965,918 shares of the credit services provider’s stock valued at $28,872,000 after purchasing an additional 318,508 shares during the period. Eagle Asset Management Inc. grew its holdings in Everi Holdings by 6.8% during the second quarter. Eagle Asset Management Inc. now owns 3,159,785 shares of the credit services provider’s stock valued at $23,003,000 after purchasing an additional 201,951 shares during the period. Vanguard Group Inc. grew its holdings in Everi Holdings by 16.3% during the second quarter. Vanguard Group Inc. now owns 3,069,761 shares of the credit services provider’s stock valued at $22,348,000 after purchasing an additional 429,551 shares during the period. Finally, Numeric Investors LLC grew its holdings in Everi Holdings by 639.8% during the second quarter. Numeric Investors LLC now owns 1,596,050 shares of the credit services provider’s stock valued at $11,619,000 after purchasing an additional 1,380,322 shares during the period. 85.46% of the stock is owned by institutional investors and hedge funds.
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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