StockNews.com Upgrades Everi (NYSE:EVRI) to “Buy”

Everi (NYSE:EVRI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Everi Stock Down 1.2 %

EVRI stock opened at $13.49 on Thursday. The business’s 50-day simple moving average is $13.68 and its 200 day simple moving average is $13.49. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi has a twelve month low of $6.37 and a twelve month high of $13.83. The company has a market cap of $1.17 billion, a PE ratio of 89.91 and a beta of 1.57.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now directly owns 84,240 shares of the company’s stock, valued at $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

A number of hedge funds and other institutional investors have recently modified their holdings of EVRI. Vestcor Inc bought a new stake in shares of Everi during the fourth quarter worth $28,000. AlphaQuest LLC boosted its stake in shares of Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after purchasing an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Everi during the fourth quarter worth approximately $143,000. Proficio Capital Partners LLC acquired a new stake in Everi during the 4th quarter worth $151,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Everi during the 4th quarter valued at $175,000. 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.