In a recent transaction, Todd A. Valli, the Senior Vice President and Chief Accounting Officer of Everi Holdings Inc. (NYSE:EVRI), sold 15,000 shares of the company's common stock. The stock was sold at an average price of $8.05 per share, resulting in a total value of $120,750. This sale occurred on May 2, 2024, and was executed under a pre-arranged 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks at a specific time.
The same day, Valli also engaged in a separate transaction where he acquired the same number of shares, 15,000, at a price of $6.59 per share, amounting to a total of $98,850. This transaction was related to stock options originally granted on May 2, 2014, which were set to expire on the same day of the transaction, indicating Valli exercised his options just before their expiration.
These transactions are part of the company's regular financial disclosures and provide transparency into the actions of Everi Holdings Inc.'s executives. The sales and purchases of shares by company insiders can be of interest to investors, as they may provide insights into the executives' perspectives on the company's current valuation and future prospects.
Everi Holdings Inc., based in Las Vegas, operates within the miscellaneous amusement and recreation sector, providing entertainment and technology solutions for the casino gaming industry. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol EVRI.
Please note that the reported transactions are factual and are not intended to provide investment advice. Investors typically monitor insider transactions as part of their due diligence when considering an investment in a company.
InvestingPro Insights
As investors digest the recent insider transactions at Everi Holdings Inc. (NYSE:EVRI), it is worth considering additional metrics and expert analysis to gain a broader understanding of the company's financial health and market position. The following insights are based on real-time data from InvestingPro and InvestingPro Tips.
InvestingPro Data:
- Market Cap (Adjusted): $684.1M
- P/E Ratio (Adjusted) last twelve months as of Q4 2023: 7.28
- Gross Profit Margin last twelve months as of Q4 2023: 80.04%
InvestingPro Tips:
1. Everi Holdings has demonstrated impressive gross profit margins, which can be a sign of strong pricing power and operational efficiency.
2. The company's valuation implies a strong free cash flow yield, suggesting that the stock may be undervalued relative to the cash it generates.
These insights are particularly relevant in light of the insider transactions. The robust gross profit margins could signal confidence among management in the company's ability to maintain profitability, which may have informed the Senior Vice President's decision to exercise his stock options. Additionally, the attractive valuation in terms of free cash flow yield might offer a compelling reason for long-term investors to consider Everi Holdings, despite recent stock price volatility.
For investors seeking further analysis and additional InvestingPro Tips, including details on share buybacks, shareholder yield, and analyst predictions, visit https://www.investing.com/pro/EVRI. There are 13 more tips available that could provide a deeper dive into Everi Holdings' potential. To enhance your investing strategy with these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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