Everi Holdings Inc. (NYSE:EVRI) Director Sells $54,000.00 in Stock

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Everi Price Performance

EVRI remained flat at $13.48 during midday trading on Friday. 364,689 shares of the company's stock were exchanged, compared to its average volume of 1,340,564. The company's 50 day moving average is $13.32 and its 200-day moving average is $11.42. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 89.87 and a beta of 2.07. Everi Holdings Inc. has a 1 year low of $6.37 and a 1 year high of $13.50.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Everi in a report on Wednesday. They issued a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.88.

Institutional Trading of Everi

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC grew its position in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 3,060 shares in the last quarter. CWM LLC grew its position in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 1,897 shares during the period. Huntington National Bank increased its stake in shares of Everi by 1,296.2% during the 3rd 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 during the last quarter. Quarry LP lifted its stake 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 last quarter. Finally, Magnetar Financial LLC bought a new position in Everi during the second quarter worth about $104,000. 95.47% of the stock is 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.

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