Brokerages Set Everi Holdings Inc. (NYSE:EVRI) PT at $12.88

Everi Holdings Inc. (NYSE:EVRI) has received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have covered the stock in the last year is $12.88.

Separately, StockNews.com started coverage on Everi in a research note on Saturday. They issued a “hold” rating for the company.

Everi Price Performance

Shares of Everi stock opened at $13.49 on Thursday. The firm’s 50-day moving average price is $13.41 and its two-hundred day moving average price is $12.12. Everi has a 1-year low of $6.37 and a 1-year high of $13.53. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Activity at Everi

In related news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the sale, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is owned by insiders.

Institutional Trading of Everi

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its holdings in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares during the last quarter. Huntington National Bank increased its position in Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares during the period. Quarry LP increased its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the period. Magnetar Financial LLC acquired a new position in Everi in the 2nd quarter valued at $104,000. Finally, Meeder Asset Management Inc. acquired a new position in Everi in the second quarter valued at about $118,000. Institutional investors own 95.47% of the company’s stock.

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.