Everi Holdings Inc. (NYSE:EVRI) CFO Mark F. Labay Sells 28,000 Shares of Stock

Everi Holdings Inc. (NYSE:EVRI) CFO Mark F. Labay sold 28,000 shares of the business’s stock in a transaction dated Wednesday, April 28th. The shares were sold at an average price of $16.25, for a total value of $455,000.00. Following the completion of the sale, the chief financial officer now directly owns 47,560 shares of the company’s stock, valued at approximately $772,850. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Everi stock opened at $17.61 on Tuesday. The company has a market capitalization of $1.54 billion, a P/E ratio of -17.26 and a beta of 3.08. The stock’s 50 day moving average is $14.86 and its 200 day moving average is $13.21. Everi Holdings Inc. has a twelve month low of $3.80 and a twelve month high of $18.48.

Everi (NYSE:EVRI) last issued its earnings results on Tuesday, March 9th. The credit services provider reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Everi had a negative return on equity of 474.12% and a negative net margin of 21.25%. The business had revenue of $119.55 million for the quarter, compared to the consensus estimate of $116.97 million. Research analysts predict that Everi Holdings Inc. will post -0.88 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. FMR LLC purchased a new stake in Everi in the 1st quarter worth $29,000. Meeder Asset Management Inc. purchased a new stake in Everi in the 1st quarter worth $37,000. Cowa LLC purchased a new stake in Everi in the 4th quarter worth $55,000. Principal Financial Group Inc. purchased a new stake in Everi in the 4th quarter worth $153,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Everi by 132.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,550 shares of the credit services provider’s stock worth $173,000 after buying an additional 7,159 shares in the last quarter. 90.06% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on EVRI shares. BTIG Research boosted their target price on Everi from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, February 18th. They noted that the move was a valuation call. B. Riley started coverage on Everi in a research note on Monday. They issued a “buy” rating and a $25.00 target price for the company. Zacks Investment Research lowered Everi from a “buy” rating to a “hold” rating in a research note on Thursday, January 28th. Macquarie boosted their target price on Everi from $15.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, March 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $16.00 target price (up previously from $14.00) on shares of Everi in a research note on Tuesday, January 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.20.

About Everi

Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games, video reel games, Empire 5527, Empire Flex, Empire DCX, Empire MPX, Core HDX, and the Texan HDX; TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, back office systems, and other related equipment.

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