Equities research analysts at Jefferies Group assumed coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Tuesday, February 20th, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $11.00 price target on the credit services provider’s stock. Jefferies Group’s price objective suggests a potential upside of 44.55% from the stock’s current price. Jefferies Group also issued estimates for Everi’s Q4 2017 earnings at ($0.02) EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.43 EPS and FY2019 earnings at $0.93 EPS.
Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of Everi from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 target price on shares of Everi in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Everi presently has a consensus rating of “Buy” and a consensus price target of $9.25.
Everi (NYSE EVRI) traded up $0.03 during mid-day trading on Tuesday, hitting $7.61. The company had a trading volume of 1,800,000 shares, compared to its average volume of 626,188. The company has a debt-to-equity ratio of -9.13, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market capitalization of $512.66, a P/E ratio of -2.06 and a beta of 1.04. Everi has a 12-month low of $3.18 and a 12-month high of $8.99.
In other Everi news, insider Michael D. Rumbolz sold 33,366 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total value of $266,928.00. Following the sale, the insider now owns 110,302 shares in the company, valued at approximately $882,416. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael D. Rumbolz sold 9,134 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.00, for a total value of $73,072.00. Following the completion of the sale, the insider now owns 113,977 shares in the company, valued at approximately $911,816. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,500 shares of company stock worth $1,540,000. 4.50% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Everi during the 4th quarter worth approximately $871,000. MetLife Investment Advisors LLC acquired a new position in shares of Everi during the 4th quarter worth approximately $238,000. Sound Point Capital Management LP raised its stake in shares of Everi by 48.0% during the 4th quarter. Sound Point Capital Management LP now owns 2,746,980 shares of the credit services provider’s stock worth $20,712,000 after buying an additional 891,401 shares during the period. PEAK6 Investments L.P. acquired a new position in shares of Everi during the 4th quarter worth approximately $345,000. Finally, Millennium Management LLC raised its stake in shares of Everi by 9.4% during the 4th quarter. Millennium Management LLC now owns 2,516,686 shares of the credit services provider’s stock worth $18,976,000 after buying an additional 215,201 shares during the period. 91.10% of the stock is owned by institutional investors and hedge funds.
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Everi 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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