Everi Holdings Inc. (NYSE:EVRI) CFO Mark F. Labay Sells 50,000 Shares

Everi Holdings Inc. (NYSE:EVRI) CFO Mark F. Labay sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares in the company, valued at $1,905,659.88. This represents a 25.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Everi Price Performance

Shares of NYSE:EVRI opened at $13.48 on Wednesday. The firm has a market cap of $1.16 billion, a PE ratio of 28.68 and a beta of 2.13. Everi Holdings Inc. has a 52 week low of $6.37 and a 52 week high of $13.48. The firm’s fifty day moving average is $13.27 and its 200-day moving average is $11.14. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Institutional Investors Weigh In On Everi

A number of institutional investors have recently made changes to their positions in EVRI. Glazer Capital LLC bought a new position in shares of Everi during the third quarter worth about $33,507,000. Alpine Associates Management Inc. bought a new position in Everi during the 3rd quarter worth approximately $24,815,000. Clearbridge Investments LLC lifted its position in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the period. Westchester Capital Management LLC acquired a new position in shares of Everi in the 3rd quarter worth approximately $16,662,000. Finally, Sand Grove Capital Management LLP bought a new stake in shares of Everi in the 3rd quarter valued at $15,806,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EVRI shares. StockNews.com started coverage on Everi in a report on Tuesday. They issued a “hold” rating on the stock. Stifel Nicolaus restated a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, B. Riley increased their price target on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Everi presently has a consensus rating of “Hold” and a consensus price target 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.