Everi Holdings Inc. (NYSE:EVRI) Given Average Rating of "Hold" by Brokerages

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.88.

A number of equities analysts have commented on EVRI shares. B. Riley boosted their price target on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a research note on Monday, August 5th. StockNews.com assumed coverage on shares of Everi in a research report on Tuesday, November 26th. They issued a "hold" rating for the company.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Darren Simmons sold 75,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the transaction, the executive vice president now owns 190,425 shares in the company, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,000 shares of company stock worth $1,865,420. 6.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everi

Hedge funds have recently added to or reduced their stakes in the stock. Vista Investment Partners LLC bought a new position in shares of Everi during the 2nd quarter valued at approximately $346,000. Private Capital Management LLC boosted its stake in Everi by 19.8% in the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider's stock worth $28,051,000 after purchasing an additional 461,939 shares during the period. Quest Partners LLC grew its holdings in Everi by 756.2% during the 2nd quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider's stock valued at $621,000 after buying an additional 65,287 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Everi by 3.3% during the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider's stock valued at $74,522,000 after buying an additional 236,652 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of Everi by 1,230.8% in the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider's stock worth $5,745,000 after buying an additional 632,544 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Everi Price Performance

Shares of EVRI traded up $0.01 during trading hours on Friday, reaching $13.47. 301,608 shares of the company's stock traded hands, compared to its average volume of 530,234. Everi has a 12 month low of $6.37 and a 12 month high of $13.48. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock has a market cap of $1.16 billion, a PE ratio of 89.81 and a beta of 2.13. The firm's 50 day simple moving average is $13.30 and its 200-day simple moving average is $11.28.

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.