Everi Holdings Inc. (NYSE:EVRI) Receives Average Rating of “Hold” from Brokerages

Everi Holdings Inc. (NYSE:EVRI) has been given a consensus rating of “Hold” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $12.88.

Separately, StockNews.com began coverage on Everi in a research note on Friday. They set a “hold” rating for the company.

Everi Price Performance

Shares of NYSE EVRI opened at $13.73 on Friday. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.75. The business has a 50 day moving average price of $13.56 and a two-hundred day moving average price of $13.31. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm has a market cap of $1.18 billion, a PE ratio of 91.51 and a beta of 2.05.

Insider Transactions at Everi

In related news, CFO Mark F. Labay sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now owns 142,426 shares in the company, valued at $1,905,659.88. The trade was a 25.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the transaction, the director now owns 91,572 shares of the company’s stock, valued at $1,236,222. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 239,476 shares of company stock worth $3,221,716. 6.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Everi

Hedge funds and other institutional investors have recently modified their holdings of the company. Vestcor Inc bought a new stake in shares of Everi in the 4th quarter worth $28,000. Huntington National Bank grew its holdings in shares of Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after acquiring an additional 4,671 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Everi in the 4th quarter worth $151,000. Finally, Stifel Financial Corp grew its holdings in shares of Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,423 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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.