Analysts Set Everi Holdings Inc. (NYSE:EVRI) PT at $12.88

Everi Holdings Inc. (NYSE:EVRI) has received an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. 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 initiated coverage on shares of Everi in a research report on Tuesday, January 21st. They issued a “hold” rating on the stock.

Insider Activity

In related news, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the sale, the executive vice president now owns 140,425 shares of the company’s stock, valued at $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Lucchese sold 45,476 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 542,928 shares of the company’s stock, valued at approximately $7,318,669.44. This represents a 7.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 over the last quarter. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everi

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC lifted its stake in shares of Everi by 85.3% in the second quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after acquiring an additional 1,282,682 shares during the period. Glazer Capital LLC bought a new position in Everi during the 3rd quarter worth approximately $33,507,000. Alpine Associates Management Inc. acquired a new position in shares of Everi in the 3rd quarter worth approximately $24,815,000. Geode Capital Management LLC boosted its stake in shares of Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock valued at $24,450,000 after purchasing an additional 27,670 shares during the last quarter. Finally, Westchester Capital Management LLC acquired a new stake in shares of Everi during the third quarter worth $16,662,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Everi Stock Down 0.2 %

EVRI stock opened at $13.62 on Monday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 90.77 and a beta of 2.06. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The firm has a 50-day moving average price of $13.50 and a 200-day moving average price of $12.92. Everi has a 12 month low of $6.37 and a 12 month high of $13.65.

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.