Everi Holdings Inc. (NYSE:EVRI) Receives $12.88 Consensus PT from Analysts

Shares of Everi Holdings Inc. (NYSE:EVRI) have earned a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $12.88.

Separately, StockNews.com started coverage on Everi in a research note on Tuesday. They issued a “hold” rating on the stock.

Everi Price Performance

NYSE EVRI opened at $13.61 on Monday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 90.71 and a beta of 2.06. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The stock’s fifty day moving average price is $13.49 and its 200 day moving average price is $12.83. Everi has a 1 year low of $6.37 and a 1 year high of $13.65.

Insider Activity

In other news, Chairman Michael D. Rumbolz sold 50,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total value of $673,500.00. Following the sale, the chairman now directly owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linster W. Fox sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $539,200.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 255,476 shares of company stock valued at $3,435,636. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in shares of Everi by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after purchasing an additional 4,486 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Everi by 27.6% during the 2nd quarter. Victory Capital Management Inc. now owns 42,816 shares of the credit services provider’s stock valued at $360,000 after acquiring an additional 9,270 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Everi by 9.5% during the 2nd quarter. Hsbc Holdings PLC now owns 140,720 shares of the credit services provider’s stock worth $1,171,000 after acquiring an additional 12,174 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Everi in the 2nd quarter worth approximately $141,000. Finally, Magnetar Financial LLC acquired a new position in Everi during the second quarter worth $104,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.