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 Everi 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 completion of the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $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 accessible through this hyperlink.

Everi Stock Down 0.1 %

Shares of EVRI opened at $13.46 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.48. The firm’s 50 day moving average is $13.28 and its 200-day moving average is $11.19. The stock has a market capitalization of $1.16 billion, a PE ratio of 89.74 and a beta of 2.13.

Analyst Ratings Changes

A number of equities analysts have weighed in on EVRI shares. B. Riley upped their price target on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. StockNews.com initiated coverage on shares of Everi in a research report on Tuesday. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi currently has an average rating of “Hold” and an average target price of $12.88.

Institutional Investors Weigh In On Everi

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVRI. Franklin Resources Inc. raised its stake in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 2,564 shares in the last quarter. Virtu Financial LLC acquired a new position in Everi during the 3rd quarter worth approximately $878,000. 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 valued at $24,450,000 after purchasing an additional 27,670 shares during the last quarter. MML Investors Services LLC acquired a new stake in Everi in the third quarter valued at approximately $223,000. Finally, Jane Street Group LLC grew its stake in shares of Everi by 86.7% during the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock worth $2,141,000 after buying an additional 75,655 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.