Everi Holdings Inc. (NYSE:EVRI) Receives $12.88 Consensus PT from Analysts

Shares of Everi Holdings Inc. (NYSE:EVRI) have earned a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.88.

Separately, StockNews.com assumed coverage on shares of Everi in a research report on Tuesday. They set a “hold” rating for the company.

Insider Buying and Selling

In related news, Chairman Michael D. Rumbolz sold 50,000 shares of Everi stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total transaction of $673,500.00. Following the completion of the sale, the chairman now directly owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock worth $3,435,636 in the last quarter. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Several institutional investors and hedge funds have recently made changes to their positions in EVRI. Rhumbline Advisers boosted its stake in Everi by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock worth $1,051,000 after purchasing an additional 4,486 shares during the period. Victory Capital Management Inc. grew its holdings in Everi by 27.6% during the second quarter. Victory Capital Management Inc. now owns 42,816 shares of the credit services provider’s stock worth $360,000 after purchasing an additional 9,270 shares during the period. Hsbc Holdings PLC lifted its holdings in Everi by 9.5% during the 2nd quarter. Hsbc Holdings PLC now owns 140,720 shares of the credit services provider’s stock valued at $1,171,000 after purchasing an additional 12,174 shares during the last quarter. MQS Management LLC acquired a new position in Everi in the 2nd quarter valued at about $141,000. Finally, Magnetar Financial LLC bought a new position in shares of Everi during the second quarter worth approximately $104,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Price Performance

NYSE EVRI opened at $13.62 on Monday. Everi has a twelve month low of $6.37 and a twelve month high of $13.65. The stock has a 50-day simple moving average of $13.50 and a 200 day simple moving average of $12.87. The stock has a market capitalization of $1.17 billion, a PE ratio of 90.77 and a beta of 2.06. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

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.