B. Riley Initiates Coverage on Everi (NYSE:EVRI)

B. Riley assumed coverage on shares of Everi (NYSE:EVRI - Free Report) in a report released on Friday, MarketBeat reports. The firm issued a neutral rating and a $12.00 price objective on the credit services provider's stock.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Everi from a buy rating to a hold rating in a research report on Friday, March 1st. Jefferies Financial Group reiterated a hold rating and issued a $13.00 price target (down previously from $18.00) on shares of Everi in a research report on Friday, March 1st. Finally, Truist Financial reiterated a hold rating and issued a $13.00 price target (down previously from $14.00) on shares of Everi in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, Everi presently has a consensus rating of Hold and a consensus target price of $15.60.

Everi Price Performance

EVRI stock traded down $0.21 during midday trading on Friday, reaching $9.24. 1,266,669 shares of the stock were exchanged, compared to its average volume of 1,103,942. The stock has a market capitalization of $773.71 million, a PE ratio of 10.26 and a beta of 2.05. Everi has a 52 week low of $8.74 and a 52 week high of $17.85. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.05 and a quick ratio of 0.97. The company has a fifty day moving average price of $10.13 and a 200 day moving average price of $10.96.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.19). The firm had revenue of $192.00 million for the quarter, compared to the consensus estimate of $200.99 million. Everi had a return on equity of 42.93% and a net margin of 10.40%. The company's revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that Everi will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EVRI. First Capital Advisors Group LLC. acquired a new position in shares of Everi in the 2nd quarter valued at about $29,000. Comerica Bank acquired a new position in shares of Everi in the 3rd quarter valued at about $34,000. Federated Hermes Inc. raised its stake in Everi by 42.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,350 shares of the credit services provider's stock worth $38,000 after buying an additional 706 shares during the period. Wolverine Asset Management LLC acquired a new position in Everi during the 4th quarter worth approximately $52,000. Finally, Tower Research Capital LLC TRC raised its stake in Everi by 37.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,167 shares of the credit services provider's stock worth $60,000 after buying an additional 1,136 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.