Insider Selling: Everi Holdings Inc. (NYSE:EVRI) Director Sells $213,920.00 in Stock

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

Everi Trading Down 0.4 %

NYSE EVRI opened at $13.37 on Monday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.95. The firm’s fifty day moving average price is $13.24 and its 200 day moving average price is $10.91. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.45 and a beta of 2.13. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.45.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EVRI. Janney Montgomery Scott LLC grew its position 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 buying an additional 14,783 shares during the last quarter. Sei Investments Co. grew its position in shares of Everi by 13.7% in the 1st 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. grew its position in shares of Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after buying an additional 236,652 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Everi by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock valued at $15,106,000 after buying an additional 31,684 shares during the last quarter. Finally, Burgundy Asset Management Ltd. purchased a new position in shares of Everi in the 1st quarter valued at $517,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and issued a $14.25 price objective (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. StockNews.com assumed coverage on shares of Everi in a report on Monday. They issued a “hold” rating on the stock. B. Riley raised their price objective on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Raymond James restated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average 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.