Geoffrey P. Judge Sells 16,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

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

Everi Stock Performance

Shares of EVRI stock opened at $13.37 on Friday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.45 and a beta of 2.13. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.95 and a current ratio of 1.06. Everi Holdings Inc. has a one year low of $6.37 and a one year high of $13.45. The company’s 50-day moving average is $13.24 and its 200 day moving average is $10.89.

Institutional Investors Weigh In On Everi

A number of institutional investors have recently made changes to their positions in EVRI. Janney Montgomery Scott LLC increased its holdings 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 worth $483,000 after purchasing an additional 14,783 shares in the last quarter. Sei Investments Co. increased its holdings in Everi by 13.7% in the 1st quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after buying an additional 66,033 shares in the last quarter. Vanguard Group Inc. raised its position in Everi by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after buying an additional 236,652 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Everi by 2.2% during 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 acquiring an additional 31,684 shares during the period. Finally, Burgundy Asset Management Ltd. purchased a new stake in shares of Everi during the 1st quarter valued at about $517,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRI has been the topic of several research reports. Stifel Nicolaus restated a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. B. Riley upped their target price on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. StockNews.com assumed coverage on shares of Everi in a research note on Sunday, November 10th. They issued a “hold” rating for the company. Finally, Raymond James reissued a “market perform” rating on shares of Everi in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock 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.