Everi (NYSE:EVRI) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Everi (NYSE:EVRI) in a research report report published on Wednesday morning. The firm issued a buy rating on the credit services provider’s stock.

Everi Trading Down 0.1 %

Shares of NYSE:EVRI opened at $13.60 on Wednesday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 90.64 and a beta of 2.05. Everi has a 1-year low of $6.37 and a 1-year high of $13.83. The company has a 50 day moving average price of $13.67 and a 200 day moving average price of $13.47. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Transactions at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

Several hedge funds have recently made changes to their positions in EVRI. Jane Street Group LLC raised its stake in Everi by 86.7% during the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after purchasing an additional 75,655 shares during the period. Intech Investment Management LLC purchased a new position in shares of Everi during the third quarter valued at $232,000. Franklin Resources Inc. raised its position in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after buying an additional 2,564 shares during the period. Geode Capital Management LLC lifted its stake in Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock worth $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after acquiring an additional 1,423 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.