Telsey Advisory Group Upgrades Everi Holdings Inc to Outperform with Price Target $6

Brokerage firm Telsey Advisory Group Upgrades its rating on Everi Holdings Inc(EVRI). As per the latest information, Telsey Advisory Group Raises the price target to $6 per share from a prior target of $2.5. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Telsey Advisory Group was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 15, 2017, Craig-Hallum said it Upgrades its rating on Everi Holdings Inc. According to the research note, Craig-Hallum Raises the price target to $5 per share from a prior target of $4. The shares have been rated ‘Buy’ by the firm.

Everi Holdings Inc (EVRI) made into the market gainers list on Fridays trading session with the shares advancing 5.71% or 0.23 points. Due to strong positive momentum, the stock ended at $4.26, which is also near the day’s high of $4.31. The stock began the session at $4.02 and the volume stood at 23,52,492 shares. The 52-week high of the shares is $4.31 and the 52 week low is $1.13. The company has a current market capitalization of $282 M and it has 6,60,91,685 shares in outstanding.

Everi Holdings Inc(EVRI) last announced its earnings results on Mar 14, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $217.511M. Analysts had an estimated revenue of $211.670M. Earnings per share were $-0.18. Analysts had estimated an EPS of $-0.19.

Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Eileen F Raney (director) purchased 15,000 shares at $2.15 per share price.Also, On May 24, 2016, Michael D Rumbolz (CEO) purchased 25,000 shares at $1.28 per share price.On Nov 12, 2015, Geoffrey P Judge (director) purchased 2,500 shares at $3.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Everi Holdings Inc. formerly Global Cash Access Holdings Inc. is a holding company. The Company operates through subsidiaries including Global Cash Access Inc. which provides integrated gaming payments solutions video and mechanical reel gaming content and technology solutions as well as compliance and efficiency software and Multimedia Games Holding Company Inc. which designs manufactures and supplies gaming machines and systems to commercial and Native American casino operators as well as select lottery operators and commercial bingo facility operators. The Company’s segments include Games which provides solutions directly to gaming establishments to offer its patrons gaming entertainment related experiences including leased gaming equipment; sales and maintenance related services of gaming equipment and gaming systems and Payments which provides solutions directly to gaming establishments to offer its patrons cash access related services and products.

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