Analysts Set Everi Holdings Inc. (NYSE:EVRI) PT at $12.88

Everi Holdings Inc. (NYSE:EVRI) has been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have covered the stock in the last year is $12.88.

Separately, StockNews.com assumed coverage on Everi in a research report on Saturday. They set a “hold” rating on the stock.

Insider Transactions at Everi

In other news, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the transaction, the executive vice president now directly owns 542,928 shares in the company, valued at approximately $7,318,669.44. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren Simmons sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This represents a 26.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Everi

Large investors have recently modified their holdings of the stock. Signaturefd LLC boosted 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 worth $27,000 after purchasing an additional 3,060 shares during the period. Huntington National Bank boosted its position 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 acquiring an additional 5,470 shares during the period. 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 valued at $86,000 after purchasing an additional 2,864 shares during the period. Magnetar Financial LLC bought a new stake in shares of Everi in the second quarter valued at about $104,000. Finally, Stifel Financial Corp grew its holdings in shares of Everi by 12.2% during the 3rd 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 in the last quarter. 95.47% of the stock is owned by institutional investors.

Everi Trading Down 0.2 %

Shares of Everi stock opened at $13.49 on Thursday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. The company’s 50-day simple moving average is $13.41 and its 200-day simple moving average is $12.12. Everi has a 52-week low of $6.37 and a 52-week 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.

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.