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

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

Everi Stock Up 0.1 %

EVRI opened at $13.53 on Friday. The company has a fifty day moving average of $13.43 and a two-hundred day moving average of $12.33. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.55. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.21 and a beta of 2.07.

Insider Buying and Selling

In other Everi news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction 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 trade represents a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Lucchese sold 45,476 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the sale, the executive vice president now directly owns 542,928 shares of the company’s stock, valued at $7,318,669.44. This represents a 7.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everi

Hedge funds have recently made changes to their positions in the company. Huntington National Bank increased its position in shares of Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares in the last quarter. Quarry LP lifted 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 in the last quarter. Magnetar Financial LLC acquired a new stake in Everi during the 2nd quarter worth $104,000. Meeder Asset Management Inc. purchased a new stake in shares of Everi during the second quarter worth $118,000. Finally, MQS Management LLC acquired a new stake in shares of Everi in the second quarter valued at about $141,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.