5 Best Robinhood Stocks Under $20

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In this article, we will discuss the 5 best Robinhood stocks under $20. If you want to see more stocks in this selection, go to the 11 Best Robinhood Stocks Under $20.

5. Everi Holdings Inc. (NYSE:EVRI)

Number of Hedge Fund Holders: 26

Everi Holdings Inc. (NYSE:EVRI) is a Nevada-based manufacturer of slot machines and other financial equipment and services to casinos.

Everi Holdings Inc. (NYSE:EVRI) is making headway into the online casino industry by taking over the strategic assets of Venuetize, a privately-owned entity developing mobile-based technologies that focus on advanced guest engagement for the entertainment, hospitality, and sports industries. On October 17, Jeffrey A. Stantial and Steven M. Wieczynski at Stifel picked Everi Holdings Inc. (NYSE:EVRI) stock as a ‘top idea’ in the gaming industry. The analysts believe that in case of an economic downturn, the company is in a secure position due to its exposure to regional and tribal casino operators. The analysts also noted that Everi Holdings Inc. (NYSE:EVRI) has been able to gain slot shipment share at casinos and is helping in the expansion of technology on the casino floor.

Here’s what Carillon Tower Advisers said about Everi Holdings Inc. (NYSE:EVRI) in its Q2 2022 investor letter:

Everi develops and manufactures casino gaming systems as well as cash-access solutions and related technologies for the gaming industry. The stock underperformed despite an earnings update that was relatively strong. The stock’s weakness can largely be attributed to macroeconomic headwinds of higher interest rates and inflation weighing on the broader leisure industry. We expect Everi to continue to grow, take market share, and generate significant cash flows.”

Everi Holdings Inc. (NYSE:EVRI) was held by 26 hedge funds at the end of Q3 2022.

Follow Everi Holdings Inc. (NYSE:EVRI)

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