Everi (NYSE:EVRI) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a report released on Tuesday. The brokerage set a “hold” rating on the credit services provider’s stock.

Everi Stock Performance

NYSE EVRI opened at $13.56 on Tuesday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.41 and a beta of 2.06. The business’s 50 day moving average is $13.48 and its two-hundred day moving average is $12.78. Everi has a 12-month low of $6.37 and a 12-month high of $13.65. 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 Transactions at Everi

In related news, EVP Darren Simmons sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the transaction, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Lucchese sold 45,476 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the sale, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock valued at $3,435,636 in the last ninety days. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank raised its holdings in shares of Everi by 1,296.2% in 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 last quarter. Quarry LP increased its position in Everi by 38.9% during the 2nd 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 in the last quarter. Magnetar Financial LLC acquired a new position in Everi in the 2nd quarter valued at about $104,000. FNY Investment Advisers LLC purchased a new position in Everi in the 4th quarter valued at about $175,000. Finally, Stifel Financial Corp boosted its stake in shares of Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares during the last quarter. Institutional investors and hedge funds 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.