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 company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now owns 142,426 shares in the company, valued at $1,905,659.88. The trade was a 25.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Everi Stock Down 0.1 %

EVRI stock opened at $13.46 on Thursday. The firm’s fifty day simple moving average is $13.28 and its 200-day simple moving average is $11.18. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.48. The company has a market capitalization of $1.16 billion, a P/E ratio of 89.87 and a beta of 2.13. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EVRI. B. Riley upped their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Stifel Nicolaus reaffirmed 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. Finally, StockNews.com initiated coverage on shares of Everi in a report on Tuesday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.88.

Institutional Investors Weigh In On Everi

Hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its position in shares of Everi by 2,428.6% in 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. CWM LLC raised its position in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after buying an additional 1,897 shares during the last quarter. Huntington National Bank raised its position in shares of Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after buying an additional 5,470 shares during the last quarter. Quarry LP raised its position in shares of Everi by 38.9% in the second 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 during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Everi in the second quarter valued at about $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.