Everi (NYSE:EVRI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a research note released on Wednesday morning. The firm issued a buy rating on the credit services provider’s stock.

Everi Stock Performance

NYSE:EVRI opened at $13.60 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The firm has a market capitalization of $1.18 billion, a PE ratio of 90.64 and a beta of 2.05. Everi has a twelve month low of $6.37 and a twelve month high of $13.83. The stock’s 50-day simple moving average is $13.67 and its 200 day simple moving average is $13.46.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the sale, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System grew its position in shares of Everi by 1.3% in the 4th quarter. California State Teachers Retirement System now owns 80,128 shares of the credit services provider’s stock valued at $1,083,000 after buying an additional 999 shares during the last quarter. CIBRA Capital Ltd acquired a new stake in Everi during the 4th quarter valued at approximately $1,351,000. Polar Asset Management Partners Inc. bought a new position in Everi during the 4th quarter worth approximately $4,728,000. Burgundy Asset Management Ltd. lifted its position in shares of Everi by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 731,635 shares of the credit services provider’s stock worth $9,884,000 after purchasing an additional 12,454 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Everi by 4.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,330 shares of the credit services provider’s stock worth $3,206,000 after purchasing an additional 10,144 shares during the period. 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.