Everi (NYSE:EVRI) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Everi (NYSE:EVRI) in a report issued on Wednesday. The firm set a “buy” rating on the credit services provider’s stock.

Everi Stock Up 0.1 %

Everi stock opened at $13.62 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi has a 1-year low of $6.37 and a 1-year high of $13.83. The firm’s fifty day simple moving average is $13.67 and its 200-day simple moving average is $13.46. The company has a market capitalization of $1.18 billion, a P/E ratio of 90.77 and a beta of 2.05.

Insiders Place Their Bets

In related news, Director Geoffrey P. Judge sold 7,332 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 84,240 shares in the company, valued at approximately $1,156,615.20. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Large investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in shares of Everi by 86.7% in the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after purchasing an additional 75,655 shares during the last quarter. Intech Investment Management LLC bought a new position in Everi in the 3rd quarter worth approximately $232,000. Franklin Resources Inc. lifted its holdings in shares of Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Everi by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock valued at $24,450,000 after acquiring an additional 27,670 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of 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. 95.47% of the stock is owned by 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.