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

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) have earned an average rating of "Hold" from the five analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have covered the stock in the last year is $12.88.

Separately, StockNews.com initiated coverage on Everi in a research note on Friday. They issued a "hold" rating on the stock.

Insider Buying and Selling

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the sale, the chief financial officer now directly owns 142,426 shares in the company, valued at $1,905,659.88. This trade represents a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linster W. Fox sold 40,000 shares of Everi stock in a transaction dated Monday, December 9th. The stock was 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. Insiders sold 239,476 shares of company stock worth $3,221,716 over the last 90 days. 6.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

Large investors have recently modified their holdings of the company. Vestcor Inc purchased a new stake in Everi during the 4th quarter valued at approximately $28,000. Huntington National Bank increased its holdings in shares of 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 purchasing an additional 5,470 shares during the period. AlphaQuest LLC raised its stake in shares of Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after purchasing an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Everi during the fourth quarter worth $143,000. Finally, Proficio Capital Partners LLC purchased a new position in Everi in the 4th quarter valued at $151,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Stock Down 0.1 %

Everi stock traded down $0.02 during mid-day trading on Friday, reaching $13.74. 242,449 shares of the company's stock were exchanged, compared to its average volume of 474,800. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a twelve month low of $6.37 and a twelve month high of $13.77. The company has a market cap of $1.18 billion, a P/E ratio of 91.57 and a beta of 2.05. The company has a fifty day moving average of $13.57 and a 200-day moving average of $13.33.

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.