Everi Holdings Inc. (NYSE:EVRI) Given Consensus Rating of “Hold” by Analysts

Shares of Everi Holdings Inc. (NYSE:EVRI) have been given an average rating of “Hold” by the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $12.88.

Separately, StockNews.com initiated coverage on shares of Everi in a research report on Friday, February 14th. They set a “hold” rating on the stock.

Insider Activity at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of Everi stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linster W. Fox sold 40,000 shares of Everi stock in a transaction dated Monday, December 9th. The stock was 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 sold a total of 239,476 shares of company stock valued at $3,221,716 in the last three months. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVRI. Arizona State Retirement System raised its holdings in shares of Everi by 3.2% during the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider’s stock valued at $337,000 after purchasing an additional 765 shares during the last quarter. Western Standard LLC raised its holdings in shares of Everi by 0.8% during 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. Stifel Financial Corp raised its holdings in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares during the last quarter. Vestcor Inc purchased a new position in shares of Everi during the fourth quarter valued at approximately $28,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Everi by 5.4% during the fourth quarter. MetLife Investment Management LLC now owns 47,140 shares of the credit services provider’s stock valued at $637,000 after purchasing an additional 2,409 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Everi Stock Performance

NYSE EVRI opened at $13.78 on Friday. Everi has a 1 year low of $6.37 and a 1 year high of $13.81. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The stock has a market capitalization of $1.19 billion, a PE ratio of 91.84 and a beta of 2.05. The company’s 50 day simple moving average is $13.57 and its two-hundred day simple moving average is $13.33.

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.