Everi (NYSE:EVRI) Upgraded at StockNews.com

StockNews.com upgraded shares of Everi (NYSE:EVRI) from a hold rating to a buy rating in a report published on Thursday.

Everi Price Performance

EVRI opened at $13.49 on Thursday. The company has a fifty day moving average price of $13.68 and a two-hundred day moving average price of $13.49. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The firm has a market capitalization of $1.17 billion, a PE ratio of 89.91 and a beta of 1.57. Everi has a 52 week low of $6.37 and a 52 week high of $13.83.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares of the company’s stock, valued at $1,156,615.20. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Arizona State Retirement System raised its holdings in Everi by 3.2% during the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock worth $337,000 after buying an additional 765 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Everi by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 80,128 shares of the credit services provider’s stock valued at $1,083,000 after purchasing an additional 999 shares in the last quarter. Western Standard LLC boosted its position in shares of Everi by 0.8% during the fourth quarter. Western Standard LLC now owns 144,650 shares of the credit services provider’s stock worth $1,954,000 after buying an additional 1,200 shares during the period. Stifel Financial Corp grew its holdings in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after buying an additional 1,423 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in Everi in the 4th quarter valued at approximately $28,000. 95.47% of the stock is currently owned by institutional investors.

Everi Company Profile

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.