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

Equities research analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research note issued on Friday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Trading Down 0.1 %

NYSE:EVRI opened at $13.74 on Friday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 91.57 and a beta of 2.05. Everi has a 1-year low of $6.37 and a 1-year high of $13.77. The business’s 50-day moving average price is $13.57 and its two-hundred day moving average price is $13.32. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insiders Place Their Bets

In related news, EVP Darren Simmons sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction of $673,000.00. Following the sale, the executive vice president now directly owns 140,425 shares in the company, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Lucchese sold 45,476 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the transaction, the executive vice president now owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. This trade represents a 7.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 239,476 shares of company stock worth $3,221,716 over the last ninety days. 6.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Everi

Large investors have recently bought and sold shares of the company. Vestcor Inc acquired a new stake in shares of Everi in the fourth quarter valued at approximately $28,000. Huntington National Bank lifted its position in 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 buying an additional 5,470 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Everi by 97.8% during the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after buying an additional 4,671 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Everi in the 4th quarter valued at about $151,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Everi in the fourth quarter valued at about $175,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.