Everi (NYSE:EVRI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research note issued to investors on Monday. The brokerage issued a hold rating on the credit services provider’s stock.

Everi Stock Performance

Shares of EVRI stock opened at $13.58 on Monday. The stock has a market cap of $1.17 billion, a P/E ratio of 90.51 and a beta of 2.05. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The company has a fifty day moving average price of $13.66 and a two-hundred day moving average price of $13.42. Everi has a one year low of $6.37 and a one year high of $13.83.

Insiders Place Their Bets

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now owns 84,240 shares in the company, valued at $1,156,615.20. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Several hedge funds and other institutional investors have recently bought and sold shares of EVRI. Vestcor Inc bought a new position in Everi in the 4th quarter valued at about $28,000. Huntington National Bank increased its holdings in Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after buying an additional 5,470 shares during the period. AlphaQuest LLC increased its holdings in Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after buying an additional 4,671 shares during the period. EP Wealth Advisors LLC bought a new position in Everi in the 4th quarter valued at about $143,000. Finally, Proficio Capital Partners LLC bought a new position in Everi in the 4th quarter valued at about $151,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.