Everi Holdings Inc. (NYSE:EVRI) Receives $12.88 Consensus Target Price from Analysts

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

Separately, StockNews.com began coverage on shares of Everi in a research note on Saturday, December 28th. They issued a “hold” rating for the company.

Insider Buying and Selling at Everi

In other Everi news, EVP David Lucchese sold 45,476 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the sale, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the firm’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 transaction of $213,920.00. Following the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EVRI. Glazer Capital LLC bought a new stake in Everi during the 3rd quarter worth about $33,507,000. Alpine Associates Management Inc. bought a new stake in Everi during the third quarter worth about $24,815,000. Clearbridge Investments LLC boosted 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 valued at $23,400,000 after purchasing an additional 1,282,682 shares during the last quarter. Westchester Capital Management LLC bought a new position in Everi in the third quarter valued at approximately $16,662,000. Finally, Sand Grove Capital Management LLP acquired a new position in shares of Everi during the 3rd quarter worth approximately $15,806,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Stock Performance

Shares of EVRI stock opened at $13.51 on Thursday. The stock has a market cap of $1.17 billion, a PE ratio of 90.07 and a beta of 2.07. The stock has a 50-day moving average of $13.43 and a 200-day moving average of $12.26. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. Everi has a one year low of $6.37 and a one year high of $13.53.

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.