StockNews.com Initiates Coverage on Everi (NYSE:EVRI)

Stock analysts at StockNews.com initiated coverage on shares of Everi (NYSE:EVRI) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the credit services provider’s stock.

Everi Stock Performance

Shares of EVRI stock opened at $13.49 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The stock has a fifty day moving average of $13.39 and a 200 day moving average of $11.94. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.94 and a beta of 2.07. Everi has a 52 week low of $6.37 and a 52 week high of $13.53.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 16,000 shares of Everi 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 directly owns 91,572 shares in the company, valued at $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, the executive vice president now directly owns 140,425 shares in the company, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock worth $3,435,636 over the last 90 days. 6.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EVRI. Stifel Financial Corp grew its holdings in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares during the period. CWM LLC boosted its position in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after buying an additional 2,564 shares during the last quarter. Quarry LP increased its position in 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 buying an additional 2,864 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.