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

Analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Trading Down 0.2 %

NYSE EVRI opened at $13.49 on Friday. The firm has a market capitalization of $1.16 billion, a PE ratio of 89.94 and a beta of 2.07. The stock’s 50 day moving average is $13.41 and its 200 day moving average is $12.08. Everi has a twelve month low of $6.37 and a twelve month high of $13.53. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of Everi 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 completion of the transaction, the director now owns 91,572 shares in the company, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, the executive vice president now directly owns 140,425 shares in the company, valued at approximately $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock worth $3,435,636 in the last three months. 6.40% of the stock is owned by corporate insiders.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently bought and sold shares of EVRI. Signaturefd LLC lifted its holdings in shares of Everi by 2,428.6% during 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 in the last quarter. Huntington National Bank lifted its stake 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 valued at $77,000 after acquiring an additional 5,470 shares during the period. Quarry LP lifted its stake in Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Everi during the 2nd quarter valued at about $104,000. Finally, Stifel Financial Corp grew its stake in shares of Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,423 shares during the period. 95.47% of the stock is currently owned by institutional investors.

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.