StockNews.com Initiates Coverage on Everi (NYSE:EVRI)

Equities research analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a report issued on Wednesday. The firm set a “buy” rating on the credit services provider’s stock.

Everi Price Performance

Everi stock opened at $13.63 on Wednesday. The stock’s 50 day moving average price is $13.67 and its two-hundred day moving average price is $13.46. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.87 and a beta of 2.05. 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 52-week low of $6.37 and a 52-week high of $13.83.

Insider Activity

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

Large investors have recently bought and sold shares of the stock. Vestcor Inc bought a new position in shares of Everi during the fourth quarter valued at about $28,000. AlphaQuest LLC increased its stake in Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after buying an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Everi in the 4th quarter worth approximately $143,000. Proficio Capital Partners LLC purchased a new stake in shares of Everi during the fourth quarter valued at approximately $151,000. Finally, Stifel Financial Corp lifted its holdings in Everi by 12.2% during 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.

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.