Everi (NYSE:EVRI) Earns Buy Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the credit services provider’s stock.

Everi Stock Down 0.2 %

EVRI stock opened at $13.63 on Wednesday. Everi has a twelve month low of $6.37 and a twelve month high of $13.83. 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 capitalization of $1.18 billion, a PE ratio of 90.87 and a beta of 2.05. The stock has a 50-day simple moving average of $13.67 and a two-hundred day simple moving average of $13.46.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the sale, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EVRI. Vestcor Inc purchased a new position in shares of Everi in the 4th quarter worth about $28,000. AlphaQuest LLC grew its position in Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after acquiring an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Everi during the fourth quarter worth approximately $143,000. Proficio Capital Partners LLC bought a new stake in shares of Everi in the 4th quarter worth approximately $151,000. Finally, Stifel Financial Corp grew its holdings in shares of Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

About Everi

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.