Everi (NYSE:EVRI) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.

EVRI has been the subject of several other reports. Jefferies Financial Group raised their target price on Everi from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Stifel Nicolaus started coverage on Everi in a research report on Thursday, September 13th. They issued a “buy” rating and a $13.00 target price for the company. Zacks Investment Research cut Everi from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. Finally, TheStreet raised Everi from a “d+” rating to a “c-” rating in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $11.00.

Shares of EVRI stock opened at $5.94 on Tuesday. The firm has a market capitalization of $433.10 million, a P/E ratio of -19.16, a PEG ratio of 7.12 and a beta of 1.52. Everi has a one year low of $5.81 and a one year high of $9.82.

Everi (NYSE:EVRI) last issued its earnings results on Tuesday, November 6th. The credit services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $120.30 million during the quarter, compared to the consensus estimate of $113.53 million. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the business earned ($0.06) earnings per share. On average, analysts predict that Everi will post 0.04 EPS for the current year.

In other Everi news, EVP Edward Adam Peters sold 66,251 shares of Everi stock in a transaction on Friday, September 14th. The stock was sold at an average price of $9.06, for a total transaction of $600,234.06. Following the completion of the transaction, the executive vice president now directly owns 60,388 shares of the company’s stock, valued at $547,115.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Todd A. Valli sold 20,000 shares of Everi stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.34, for a total value of $186,800.00. Following the transaction, the chief accounting officer now directly owns 21,708 shares of the company’s stock, valued at $202,752.72. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Indaba Capital Management L.P. increased its stake in shares of Everi by 52.4% in the third quarter. Indaba Capital Management L.P. now owns 5,049,680 shares of the credit services provider’s stock valued at $46,306,000 after buying an additional 1,735,163 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Everi in the third quarter valued at $12,580,000. Emerald Advisers Inc. PA acquired a new stake in shares of Everi in the third quarter valued at $8,933,000. Renaissance Technologies LLC increased its stake in shares of Everi by 23.8% in the third quarter. Renaissance Technologies LLC now owns 3,237,299 shares of the credit services provider’s stock valued at $29,686,000 after buying an additional 621,899 shares in the last quarter. Finally, Penn Capital Management Co. Inc. increased its stake in shares of Everi by 45.5% in the second quarter. Penn Capital Management Co. Inc. now owns 1,819,066 shares of the credit services provider’s stock valued at $13,112,000 after buying an additional 568,864 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

About Everi

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.

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