Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Price Performance

Shares of EVRI opened at $13.49 on Friday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. The business’s 50-day moving average is $13.41 and its 200-day moving average is $12.14. Everi has a fifty-two week low of $6.37 and a fifty-two week high of $13.53.

Insider Transactions at Everi

In other news, EVP David Lucchese sold 45,476 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $613,016.48. Following the transaction, the executive vice president now owns 542,928 shares in the company, valued at $7,318,669.44. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the sale, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Everi

Several hedge funds have recently bought and sold shares of EVRI. Franklin Resources Inc. boosted its position in 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 purchasing an additional 2,564 shares during the period. Virtu Financial LLC acquired a new stake in shares of Everi in the third quarter worth $878,000. Geode Capital Management LLC boosted its holdings 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 buying an additional 27,670 shares during the period. MML Investors Services LLC acquired a new position in Everi in the 3rd quarter valued at $223,000. Finally, Jane Street Group LLC raised its holdings in Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock worth $2,141,000 after acquiring an additional 75,655 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Company Profile

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.