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

Investment analysts at StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a report released on Wednesday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Price Performance

Shares of EVRI stock opened at $13.63 on Wednesday. Everi has a 52-week low of $6.37 and a 52-week high of $13.65. 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 firm has a market capitalization of $1.18 billion, a P/E ratio of 90.84 and a beta of 2.06. The stock has a 50 day moving average price of $13.52 and a 200 day moving average price of $13.00.

Insider Buying and Selling

In other Everi news, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction on Thursday, December 12th. The stock was 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 $1,890,120.50. The trade was a 26.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linster W. Fox sold 40,000 shares of Everi stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $539,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 255,476 shares of company stock valued at $3,435,636. Insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Everi

A number of institutional investors and hedge funds have recently bought and sold shares of EVRI. Huntington National Bank raised its position in Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares in the last quarter. Quarry LP increased its holdings in shares of Everi by 38.9% in the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 2,864 shares during the period. Stifel Financial Corp increased its holdings in shares of Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after acquiring an additional 1,423 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Everi in the 4th quarter valued at $175,000. Finally, GAM Holding AG purchased a new position in shares of Everi in the 3rd quarter valued at $197,000. 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.