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

StockNews.com initiated coverage on shares of Everi (NYSE:EVRIFree Report) in a report published on Monday morning. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Price Performance

Shares of Everi stock opened at $13.59 on Monday. 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 market cap of $1.17 billion, a P/E ratio of 90.61 and a beta of 2.06. The firm’s 50 day moving average price is $13.47 and its 200-day moving average price is $12.64. Everi has a 52-week low of $6.37 and a 52-week high of $13.65.

Insider Activity

In related news, Director Geoffrey P. Judge sold 4,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at $1,236,222. This represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, 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. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EVRI. Rhumbline Advisers grew its holdings in shares of Everi by 3.7% during the second quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after buying an additional 4,486 shares during the last quarter. Victory Capital Management Inc. grew its stake in Everi by 27.6% during the 2nd quarter. Victory Capital Management Inc. now owns 42,816 shares of the credit services provider’s stock valued at $360,000 after purchasing an additional 9,270 shares during the last quarter. BOKF NA increased its holdings in shares of Everi by 122.2% in the second quarter. BOKF NA now owns 62,186 shares of the credit services provider’s stock valued at $522,000 after purchasing an additional 34,202 shares during the period. Hsbc Holdings PLC raised its stake in shares of Everi by 9.5% in the second quarter. Hsbc Holdings PLC now owns 140,720 shares of the credit services provider’s stock worth $1,171,000 after purchasing an additional 12,174 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Everi during the second quarter worth about $141,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Everi

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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.

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Analyst Recommendations for Everi (NYSE:EVRI)

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