Everi Holdings Inc. (NYSE:EVRI) EVP David Lucchese Sells 45,476 Shares

Everi Holdings Inc. (NYSE:EVRI) EVP David Lucchese sold 45,476 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $613,016.48. Following the transaction, the executive vice president now owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Everi Stock Performance

Shares of EVRI opened at $13.48 on Tuesday. The stock has a market capitalization of $1.16 billion, a PE ratio of 89.87 and a beta of 2.07. The business’s fifty day moving average price is $13.34 and its 200 day moving average price is $11.56. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi Holdings Inc. has a 12-month low of $6.37 and a 12-month high of $13.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,423 shares during the last quarter. CWM LLC raised its position in shares of Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Everi by 4.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider’s stock worth $446,000 after purchasing an additional 2,347 shares during the period. Franklin Resources Inc. boosted its position in Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 2,564 shares during the period. Finally, Quarry LP grew its stake 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 buying an additional 2,864 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Everi in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.88.

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.