Darren Simmons Sells 50,000 Shares of Everi Holdings Inc. (NYSE:EVRI) Stock

Everi Holdings Inc. (NYSE:EVRI) EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Everi Stock Performance

EVRI stock opened at $13.47 on Friday. The company has a 50-day simple moving average of $13.36 and a 200 day simple moving average of $11.69. The company has a market capitalization of $1.16 billion, a P/E ratio of 89.77 and a beta of 2.07. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.50.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Everi in a report on Thursday. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi currently has an average rating of “Hold” and a consensus target price of $12.88.

Institutional Trading of Everi

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 3,060 shares in the last quarter. CWM LLC increased its position in shares of Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 1,897 shares during the period. Huntington National Bank raised its stake in shares of Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after buying an additional 5,470 shares in the last quarter. Quarry LP lifted its holdings in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares during the period. Finally, Magnetar Financial LLC bought a new position in Everi during the second quarter valued at about $104,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Everi Company Profile

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.