Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRIGet Free Report) 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 Stock Performance

NYSE EVRI opened at $13.61 on Wednesday. The company has a 50-day simple moving average of $13.51 and a 200 day simple moving average of $12.99. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. Everi has a 52-week low of $6.37 and a 52-week high of $13.65. The company has a market capitalization of $1.17 billion, a PE ratio of 90.71 and a beta of 2.06.

Insider Activity at Everi

In other news, Chairman Michael D. Rumbolz sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.47, for a total transaction of $673,500.00. Following the sale, the chairman now owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the sale, the director now owns 91,572 shares in the company, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock worth $3,435,636 in the last three months. 6.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

A number of large investors have recently modified their holdings of the business. Stifel Financial Corp grew its holdings in Everi by 12.2% in the 3rd 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 in the last quarter. Franklin Resources Inc. raised its holdings in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after purchasing an additional 2,564 shares during the last quarter. Quarry LP increased its stake in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares during the last quarter. Nordea Investment Management AB grew its position in Everi by 1.2% during the fourth quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider’s stock valued at $3,995,000 after acquiring an additional 3,573 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Everi by 14.8% in the fourth quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider’s stock valued at $499,000 after buying an additional 4,772 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Everi

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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.

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Analyst Recommendations for Everi (NYSE:EVRI)

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