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

Shares of Everi Holdings Inc. (NYSE:EVRI) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.88.

Separately, StockNews.com assumed coverage on Everi in a research note on Friday, February 14th. They set a “hold” rating on the stock.

Everi Stock Performance

Shares of EVRI stock opened at $13.83 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.19 billion, a PE ratio of 92.17 and a beta of 2.05. The company’s fifty day simple moving average is $13.59 and its 200-day simple moving average is $13.34. Everi has a 52 week low of $6.37 and a 52 week high of $13.83.

Insiders Place Their Bets

In other news, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,476 shares of company stock worth $3,221,716 in the last quarter. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Large investors have recently modified their holdings of the stock. Glazer Capital LLC acquired a new stake in Everi during the third quarter valued at approximately $33,507,000. Alpine Associates Management Inc. acquired a new stake in shares of Everi during the 3rd quarter valued at approximately $24,815,000. Westchester Capital Management LLC bought a new position in Everi during the third quarter worth $16,662,000. Sand Grove Capital Management LLP acquired a new position in Everi in the third quarter worth $15,806,000. Finally, Highbridge Capital Management LLC increased its stake in Everi by 147.8% during the fourth quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider’s stock valued at $18,811,000 after purchasing an additional 830,470 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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.