Brokerages Set Everi Holdings Inc. (NYSE:EVRI) Target Price at $12.88

Everi Holdings Inc. (NYSE:EVRI) has received a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.88.

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Tuesday, November 26th. They set a “hold” rating for the company.

Insider Buying and Selling at Everi

In related news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The trade was a 28.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark F. Labay sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at $1,905,659.88. This represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 141,000 shares of company stock valued at $1,865,420 in the last quarter. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Everi by 2,428.6% in the 2nd 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 during the period. CWM LLC lifted 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 worth $30,000 after acquiring an additional 1,897 shares during the period. Huntington National Bank grew its holdings 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 in the last quarter. Quarry LP grew its holdings in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Everi during the 2nd quarter worth approximately $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Everi Stock Down 0.0 %

EVRI stock opened at $13.46 on Friday. Everi has a 12 month low of $6.37 and a 12 month high of $13.49. The firm has a market cap of $1.16 billion, a PE ratio of 89.71 and a beta of 2.07. The firm has a 50 day simple moving average of $13.31 and a 200 day simple moving average of $11.39. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

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.