Todd A. Valli Sells 30,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $13.75, for a total value of $412,500.00. Following the sale, the chief accounting officer now directly owns 57,413 shares in the company, valued at $789,428.75. The trade was a 34.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Everi Trading Up 0.3 %

Shares of EVRI traded up $0.05 during trading hours on Friday, hitting $13.85. 148,887 shares of the stock traded hands, compared to its average volume of 1,278,428. The business has a fifty day moving average of $13.67 and a 200-day moving average of $13.54. The firm has a market capitalization of $1.20 billion, a PE ratio of 92.31 and a beta of 1.57. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.85. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $12.83.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Arizona State Retirement System boosted its stake in Everi by 3.2% in the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock valued at $337,000 after acquiring an additional 765 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Everi by 1.3% in the 4th quarter. California State Teachers Retirement System now owns 80,128 shares of the credit services provider's stock worth $1,083,000 after purchasing an additional 999 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Everi by 1.2% during the first quarter. SummerHaven Investment Management LLC now owns 85,572 shares of the credit services provider's stock worth $1,170,000 after purchasing an additional 1,054 shares during the period. Western Standard LLC increased its holdings in Everi by 0.8% in the fourth quarter. Western Standard LLC now owns 144,650 shares of the credit services provider's stock valued at $1,954,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after buying an additional 1,423 shares during the period. Institutional investors own 95.47% of the company's stock.

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.