Shares of Everi Holdings Inc. (NYSE:EVRI) have earned an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.00.

Several equities research analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price objective (up previously from $7.50) on shares of Everi Holdings in a research report on Monday, June 12th. ValuEngine raised Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Everi Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 18th.

Everi Holdings (NYSE EVRI) traded up 1.63% during midday trading on Wednesday, reaching $7.48. The company had a trading volume of 642,043 shares. The stock’s 50 day moving average is $7.55 and its 200 day moving average is $6.52. Everi Holdings has a 12-month low of $1.21 and a 12-month high of $8.99. The firm’s market capitalization is $499.55 million.

In other Everi Holdings news, insider Michael D. Rumbolz sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $6.90, for a total value of $103,500.00. Following the transaction, the insider now owns 121,742 shares of the company’s stock, valued at $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 currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of EVRI. 1st Global Advisors Inc. purchased a new position in shares of Everi Holdings during the 2nd quarter valued at $101,000. Alliancebernstein L.P. purchased a new position in shares of Everi Holdings during the 2nd quarter valued at $108,000. Crescent Grove Advisors LLC purchased a new position in shares of Everi Holdings during the 2nd quarter valued at $109,000. Bank of America Corp DE lifted its position in shares of Everi Holdings by 7,800.0% during the 1st quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock valued at $112,000 after buying an additional 23,166 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Everi Holdings during the 2nd quarter valued at $121,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

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About Everi Holdings

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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