Geoffrey P. Judge Sells 16,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI) Director Geoffrey P. Judge sold 16,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the transaction, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Everi Stock Down 0.4 %

Shares of NYSE:EVRI opened at $13.37 on Monday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 28.45 and a beta of 2.13. The firm’s 50-day simple moving average is $13.24 and its 200-day simple moving average is $10.91. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.45.

Institutional Trading of Everi

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 3,060 shares during the period. CWM LLC lifted its stake in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 1,897 shares during the period. Huntington National Bank lifted its stake in shares of Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP lifted its stake in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Everi in the second quarter valued at about $104,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRI has been the topic of several research reports. Raymond James reissued a “market perform” rating on shares of Everi in a research report on Monday, July 29th. B. Riley lifted their target price on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. StockNews.com began coverage on shares of Everi in a report on Monday. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.88.

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.