Everi Holdings Inc. (NYSE:EVRI) CFO Sells $669,000.00 in Stock

Everi Holdings Inc. (NYSE:EVRI) CFO Mark F. Labay sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now directly owns 142,426 shares in the company, valued at $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Everi Trading Down 0.1 %

EVRI opened at $13.46 on Friday. The stock has a market cap of $1.16 billion, a PE ratio of 89.74 and a beta of 2.13. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a twelve month low of $6.37 and a twelve month high of $13.48. The company has a fifty day moving average of $13.28 and a 200-day moving average of $11.19.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com started coverage on shares of Everi in a research note on Tuesday. They issued a “hold” rating on the stock. 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. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its holdings in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares in the last quarter. CWM LLC grew its position in shares of Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares during the period. Huntington National Bank increased its stake in shares of 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 acquiring an additional 5,470 shares in the last quarter. Quarry LP lifted its position in shares of Everi by 38.9% during 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. Finally, Magnetar Financial LLC bought a new position in Everi during the second quarter worth $104,000. 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.