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

Analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Price Performance

Shares of EVRI opened at $13.46 on Wednesday. The firm’s 50-day simple moving average is $13.31 and its two-hundred day simple moving average is $11.39. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.49. The stock has a market cap of $1.16 billion, a PE ratio of 89.71 and a beta of 2.07. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Buying and Selling at Everi

In other news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares in the company, valued at $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,000 shares of company stock worth $1,865,420. 6.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

Several large investors have recently bought and sold shares of EVRI. CWM LLC boosted its position in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares during the last quarter. Private Capital Management LLC boosted its holdings in shares of Everi by 19.8% in the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after buying an additional 461,939 shares during the last quarter. Raymond James & Associates grew its position in Everi by 260.7% during the second quarter. Raymond James & Associates now owns 241,175 shares of the credit services provider’s stock valued at $2,026,000 after buying an additional 174,319 shares during the period. Vista Investment Partners LLC purchased a new stake in Everi during the second quarter valued at approximately $346,000. Finally, SummerHaven Investment Management LLC raised its position in Everi by 4.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after acquiring an additional 2,347 shares during the period. 95.47% of the stock is currently owned by institutional investors.

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.