Everi Holdings Inc (NYSE:EVRI) shares were up 9.4% during mid-day trading on Tuesday . The company traded as high as $7.86 and last traded at $7.77. Approximately 557,102 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 658,827 shares. The stock had previously closed at $7.10.
A number of research analysts have recently issued reports on EVRI shares. Stifel Nicolaus reissued a “buy” rating and issued a $11.00 price objective on shares of Everi in a research note on Wednesday, November 1st. Jefferies Group started coverage on Everi in a research note on Tuesday. They issued a “buy” rating and a $11.00 price objective on the stock. Finally, BidaskClub raised Everi from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Everi presently has an average rating of “Buy” and a consensus price target of $8.25.
The firm has a market capitalization of $478.31, a P/E ratio of -2.11 and a beta of 1.04. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -9.13.
Hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. acquired a new position in Everi during the 2nd quarter worth approximately $108,000. Stone Ridge Asset Management LLC acquired a new position in Everi during the 4th quarter worth approximately $120,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Everi by 740.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock worth $127,000 after buying an additional 14,800 shares during the period. LMR Partners LLP acquired a new position in Everi during the 3rd quarter worth approximately $162,000. Finally, Teacher Retirement System of Texas acquired a new position in Everi during the 4th quarter worth approximately $177,000. 87.35% of the stock is currently 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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