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

Everi Holdings Inc. (NYSE:EVRI) has been given an average rating of “Hold” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.88.

Separately, StockNews.com initiated coverage on Everi in a report on Tuesday, January 21st. They set a “hold” rating for the company.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 in the company, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total value of $673,500.00. Following the transaction, the chairman now owns 1,032,062 shares in the company, valued at approximately $13,901,875.14. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock worth $3,435,636 in the last ninety days. 6.40% of the stock is owned by company insiders.

Institutional Trading of Everi

Several large investors have recently modified their holdings of EVRI. Clearbridge Investments LLC lifted its position in Everi by 85.3% during the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Glazer Capital LLC acquired a new position in shares of Everi in the 3rd quarter valued at approximately $33,507,000. Alpine Associates Management Inc. bought a new stake in shares of Everi during the 3rd quarter worth approximately $24,815,000. Geode Capital Management LLC boosted its position in shares of Everi by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock worth $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new position in Everi in the third quarter valued at approximately $16,662,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Price Performance

Shares of 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 company has a market cap of $1.17 billion, a PE ratio of 90.77 and a beta of 2.06. The business’s 50 day moving average price is $13.50 and its two-hundred day moving average price is $12.92. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

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.