Everi (NYSE:EVRI) Sets New 1-Year High – Here’s Why

Everi Holdings Inc. (NYSE:EVRI) shares reached a new 52-week high on Tuesday . The company traded as high as $13.56 and last traded at $13.53, with a volume of 28205 shares trading hands. The stock had previously closed at $13.51.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Everi in a report on Sunday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.88.

Everi Stock Performance

The firm has a market cap of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.06. The business’s 50 day moving average is $13.44 and its 200-day moving average is $12.44. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the transaction, the director now directly owns 91,572 shares in the company, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now directly owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,476 shares of company stock valued at $3,435,636. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRI. Huntington National Bank lifted its position in Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 5,470 shares during the last quarter. Quarry LP raised its holdings in shares of Everi by 38.9% during 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 last quarter. Magnetar Financial LLC acquired a new position in shares of Everi during the second quarter worth approximately $104,000. Meeder Asset Management Inc. bought a new position in Everi in the 2nd quarter worth approximately $118,000. Finally, MQS Management LLC bought a new stake in Everi during the 2nd quarter valued at $141,000. 95.47% of the stock is currently 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.