Everi (NYSE:EVRI) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Everi (NYSE:EVRI) in a report released on Tuesday. The brokerage set a “hold” rating on the credit services provider’s stock.

EVRI has been the subject of a number of other research reports. B. Riley boosted their price objective on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Stifel Nicolaus restated a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Finally, Raymond James reaffirmed a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi currently has an average rating of “Hold” and an average price target of $12.88.

Everi Trading Down 0.1 %

Everi stock opened at $13.43 on Tuesday. The stock has a 50-day moving average price of $13.27 and a 200 day moving average price of $11.10. Everi has a 52 week low of $6.37 and a 52 week high of $13.47. The stock has a market cap of $1.16 billion, a PE ratio of 28.58 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

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 transaction, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. This trade represents a 14.87 % 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, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its holdings in Everi by 2,428.6% in the 2nd 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 in the last quarter. CWM LLC raised its holdings in shares of Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after buying an additional 1,897 shares during the period. Huntington National Bank lifted its position in 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 acquiring an additional 5,470 shares in the last quarter. Quarry LP boosted its holdings in Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the period. Finally, Magnetar Financial LLC purchased a new position in Everi in the 2nd quarter worth approximately $104,000. Institutional investors and hedge funds 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.