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

Shares of Everi Holdings Inc. (NYSE:EVRI) have been assigned an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.88.

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Monday, January 13th. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other Everi news, EVP Darren Simmons sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the transaction, the executive vice president now owns 140,425 shares of the company’s stock, valued at approximately $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Linster W. Fox sold 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $539,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,476 shares of company stock valued at $3,435,636. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVRI. Huntington National Bank raised its holdings in shares of Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares during the last quarter. Quarry LP raised its holdings 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 purchasing an additional 2,864 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Everi during the second quarter worth $104,000. MQS Management LLC purchased a new position in shares of Everi during the second quarter worth $141,000. Finally, Stifel Financial Corp raised 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 purchasing an additional 1,423 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Everi Price Performance

Shares of EVRI opened at $13.56 on Monday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 90.41 and a beta of 2.06. Everi has a twelve month low of $6.37 and a twelve month high of $13.65. 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 company has a 50 day moving average of $13.48 and a two-hundred day moving average of $12.75.

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.