Everi Holdings Inc. (NYSE:EVRI) Receives Consensus Rating of “Hold” from Analysts

Everi Holdings Inc. (NYSE:EVRI) has received an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. Five investment 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 started coverage on shares of Everi in a report on Monday, January 13th. They issued a “hold” rating for the company.

Everi Trading Down 0.2 %

Shares of Everi stock opened at $13.56 on Monday. The company has a market capitalization of $1.17 billion, a P/E ratio of 90.41 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. The company has a fifty day moving average of $13.48 and a 200 day moving average of $12.75. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.65.

Insider Activity

In related news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the sale, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This represents a 26.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at $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. In the last three months, insiders have sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Everi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Glazer Capital LLC purchased a new stake in Everi in the 3rd quarter worth about $33,507,000. Alpine Associates Management Inc. bought a new position in Everi in the 3rd quarter worth about $24,815,000. Clearbridge Investments LLC grew its stake in Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after acquiring an additional 1,282,682 shares in the last quarter. Westchester Capital Management LLC bought a new position in Everi in the 3rd quarter worth about $16,662,000. Finally, Sand Grove Capital Management LLP bought a new position in Everi in the 3rd quarter worth about $15,806,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.