Everi Holdings Inc. (NYSE:EVRI) Director Geoffrey P. Judge Sells 16,000 Shares

Everi Holdings Inc. (NYSE:EVRI) Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the sale, the director now owns 91,572 shares of the company’s stock, valued at $1,224,317.64. This trade represents a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Everi Stock Performance

Everi stock opened at $13.37 on Friday. The firm has a 50 day simple moving average of $13.24 and a 200-day simple moving average of $10.87. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 28.44 and a beta of 2.13. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.95. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $13.45.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in shares of Everi by 44.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider’s stock valued at $483,000 after purchasing an additional 14,783 shares during the last quarter. Sei Investments Co. lifted its position in Everi by 13.7% in the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock valued at $5,495,000 after buying an additional 66,033 shares during the last quarter. Vanguard Group Inc. boosted its stake in Everi by 3.3% during the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after buying an additional 236,652 shares during the period. Clearbridge Investments LLC increased its position in shares of Everi by 2.2% during the first quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock valued at $15,106,000 after acquiring an additional 31,684 shares during the last quarter. Finally, Burgundy Asset Management Ltd. purchased a new stake in shares of Everi in the 1st quarter valued at approximately $517,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVRI has been the subject of several research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. B. Riley upped their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. StockNews.com assumed coverage on Everi in a report on Sunday, November 10th. They issued a “hold” rating for the company. Finally, Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.88.

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.