Everi (NYSE:EVRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Everi (NYSE:EVRI - Get Free Report) in a report issued on Sunday. The firm set a "hold" rating on the credit services provider's stock.

Everi Price Performance

EVRI traded up $0.02 on Friday, reaching $13.74. 546,629 shares of the company's stock were exchanged, compared to its average volume of 549,877. The stock has a market cap of $1.18 billion, a PE ratio of 91.57 and a beta of 2.05. Everi has a twelve month low of $6.37 and a twelve month high of $13.83. The stock's fifty day moving average price is $13.63 and its 200-day moving average price is $13.40. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 4,000 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the sale, the director now directly owns 91,572 shares of the company's stock, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linster W. Fox sold 40,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $539,200.00. The disclosure for this sale can be found here. Insiders have sold 139,476 shares of company stock worth $1,879,216 in the last ninety days. 6.40% of the stock is owned by insiders.

Remove Ads

Institutional Investors Weigh In On Everi

Large investors have recently added to or reduced their stakes in the business. Vestcor Inc purchased a new stake in shares of Everi in the 4th quarter valued at approximately $28,000. Huntington National Bank increased its position in shares of Everi by 1,296.2% in the 3rd 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 last quarter. AlphaQuest LLC increased its position in shares of 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 purchasing an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Everi in the 4th quarter valued at $143,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Everi in the 4th quarter valued at $151,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.