Insider Selling: Everi Holdings Inc. (NYSE:EVRI) CAO Sells $120,750.00 in Stock

Everi Holdings Inc. (NYSE:EVRI) CAO Todd A. Valli sold 15,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total value of $120,750.00. Following the transaction, the chief accounting officer now directly owns 49,440 shares in the company, valued at $397,992. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Everi Stock Performance

Shares of NYSE EVRI opened at $8.04 on Friday. Everi Holdings Inc. has a 12-month low of $7.97 and a 12-month high of $17.85. The firm has a market capitalization of $673.58 million, a price-to-earnings ratio of 8.93 and a beta of 2.09. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 4.28. The firm has a 50 day moving average of $9.34 and a 200 day moving average of $10.35.

Everi (NYSE:EVRI) last issued its quarterly earnings data on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The business had revenue of $192.00 million for the quarter, compared to the consensus estimate of $200.99 million. During the same period in the previous year, the firm earned $0.28 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, research analysts anticipate that Everi Holdings Inc. will post 0.92 earnings per share for the current year.

Institutional Trading of Everi

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new position in shares of Everi during the 4th quarter valued at about $52,000. Principal Financial Group Inc. purchased a new position in Everi during the third quarter valued at approximately $136,000. LSV Asset Management bought a new position in shares of Everi in the fourth quarter worth approximately $121,000. AXQ Capital LP purchased a new stake in shares of Everi in the third quarter worth $142,000. Finally, Oak Thistle LLC bought a new stake in shares of Everi during the 4th quarter valued at $124,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial dropped their price target on shares of Everi from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group restated a “hold” rating and issued a $13.00 target price (down previously from $18.00) on shares of Everi in a report on Friday, March 1st. StockNews.com lowered shares of Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, B. Riley began coverage on Everi in a research note on Friday, April 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.00.

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.