Everi (NYSE:EVRI) Coverage Initiated by Analysts at StockNews.com

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

Everi Trading Down 0.0 %

Shares of EVRI opened at $13.58 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a 12-month low of $6.37 and a 12-month high of $13.83. The firm has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.44. The firm has a market capitalization of $1.17 billion, a P/E ratio of 90.51 and a beta of 2.05.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares of the company’s stock, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVRI. Vestcor Inc purchased a new position in shares of Everi in the fourth quarter valued at approximately $28,000. Huntington National Bank raised its holdings in 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 in the last quarter. AlphaQuest LLC raised its holdings in Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after acquiring an additional 4,671 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Everi in the fourth quarter valued at approximately $143,000. Finally, Proficio Capital Partners LLC acquired a new stake in Everi in the fourth quarter valued at approximately $151,000. Hedge funds and other institutional investors 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.