Mark F. Labay Sells 50,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI) CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 142,426 shares of the company’s stock, valued at $1,905,659.88. This trade represents a 25.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Everi Price Performance

Shares of EVRI opened at $13.46 on Thursday. The company has a 50 day moving average price of $13.28 and a 200-day moving average price of $11.18. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.48. The stock has a market capitalization of $1.16 billion, a PE ratio of 89.87 and a beta of 2.13. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Institutional Investors Weigh In On Everi

Hedge funds have recently modified their holdings of the business. Vista Investment Partners LLC purchased a new stake in shares of Everi in the 2nd quarter worth approximately $346,000. Private Capital Management LLC raised its stake in shares of Everi by 19.8% during the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock worth $28,051,000 after acquiring an additional 461,939 shares in the last quarter. Quest Partners LLC raised its stake in shares of Everi by 756.2% during the 2nd quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider’s stock worth $621,000 after acquiring an additional 65,287 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Everi by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after acquiring an additional 236,652 shares in the last quarter. Finally, BOKF NA raised its stake in shares of Everi by 352.7% during the 1st quarter. BOKF NA now owns 27,984 shares of the credit services provider’s stock worth $284,000 after acquiring an additional 21,802 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

EVRI has been the subject of several research reports. B. Riley boosted their price objective on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, StockNews.com initiated coverage on shares of Everi in a research report on Tuesday. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Everi has a consensus rating of “Hold” and a consensus price target of $12.88.

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.