Everi Holdings Inc. (NYSE:EVRI - Get Free Report) CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the completion of the sale, the chief accounting officer now owns 57,413 shares in the company, valued at approximately $789,428.75. This trade represents a 34.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Everi Stock Performance
Shares of Everi stock opened at $13.75 on Wednesday. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 91.67 and a beta of 1.57. The business has a 50-day moving average of $13.66 and a 200 day moving average of $13.53. Everi Holdings Inc. has a 12 month low of $6.37 and a 12 month high of $13.83.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Vestcor Inc acquired a new stake in Everi during the 4th quarter worth approximately $28,000. AlphaQuest LLC increased its position in shares of Everi by 97.8% during the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after acquiring an additional 4,671 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Everi in the fourth quarter valued at $143,000. Proficio Capital Partners LLC purchased a new position in Everi in the fourth quarter valued at $151,000. Finally, Stifel Financial Corp grew its stake 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 purchasing an additional 1,423 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Everi from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.83.
Check Out Our Latest Research Report on Everi
Everi Company Profile
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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.
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