Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report released on Wednesday morning. The firm issued a buy rating on the credit services provider’s stock.

Everi Stock Performance

Shares of EVRI stock opened at $13.60 on Wednesday. Everi has a 52 week low of $6.37 and a 52 week high of $13.83. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.64 and a beta of 2.05. The company has a 50-day simple moving average of $13.67 and a 200 day simple moving average of $13.46. 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 Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the transaction, the director now directly owns 84,240 shares in the company, valued at approximately $1,156,615.20. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new position in Everi in the 3rd quarter valued at $232,000. Walleye Capital LLC bought a new position in shares of Everi in the third quarter worth $255,000. Verition Fund Management LLC increased its position in shares of Everi by 623.5% in the third quarter. Verition Fund Management LLC now owns 134,193 shares of the credit services provider’s stock worth $1,763,000 after purchasing an additional 115,644 shares during the period. Westchester Capital Management LLC acquired a new position in Everi in the third quarter valued at about $16,662,000. Finally, Glazer Capital LLC bought a new stake in Everi during the third quarter worth about $33,507,000. 95.47% of the stock is 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.