Everi Holdings Inc. (NYSE:EVRI) Receives Consensus Recommendation of “Hold” from Analysts

Everi Holdings Inc. (NYSE:EVRI) has been assigned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.88.

Separately, StockNews.com assumed coverage on Everi in a research note on Saturday, December 28th. They issued a “hold” rating on the stock.

Insider Buying and Selling at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at $1,224,317.64. This trade represents a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everi

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 3,060 shares during the last quarter. Huntington National Bank grew its position in shares of Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after buying an additional 5,470 shares during the period. Quarry LP raised its stake in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after buying an additional 2,864 shares during the last quarter. Magnetar Financial LLC acquired a new position in Everi in the second quarter valued at approximately $104,000. Finally, Meeder Asset Management Inc. bought a new position in Everi in the second quarter valued at approximately $118,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Stock Up 0.2 %

Shares of EVRI opened at $13.51 on Thursday. Everi has a 12 month low of $6.37 and a 12 month high of $13.53. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 90.07 and a beta of 2.07. The company has a 50-day moving average price of $13.43 and a two-hundred day moving average price of $12.26. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

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.