Everi (NYSE:EVRI) Hits New 12-Month High – Here’s Why

Everi Holdings Inc. (NYSE:EVRI)’s stock price reached a new 52-week high on Friday . The stock traded as high as $14.10 and last traded at $14.08, with a volume of 711 shares changing hands. The stock had previously closed at $14.07.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Everi from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.83.

Everi Stock Performance

The company has a market cap of $1.22 billion, a price-to-earnings ratio of 93.84 and a beta of 1.31. 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 50-day moving average price of $13.75 and a 200 day moving average price of $13.62.

Everi (NYSE:EVRI) last released its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Everi had a return on equity of 5.47% and a net margin of 1.72%. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $193.22 million. As a group, analysts anticipate that Everi Holdings Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the sale, the chief accounting officer now owns 57,413 shares of the company’s stock, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares in the company, valued at approximately $1,156,615.20. This represents a 8.01% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVRI. Vestcor Inc acquired a new position in shares of Everi during the 4th quarter worth approximately $28,000. US Bancorp DE increased its position in shares of Everi by 1,952.0% during the 1st quarter. US Bancorp DE now owns 6,833 shares of the credit services provider’s stock worth $93,000 after purchasing an additional 6,500 shares during the last quarter. AlphaQuest LLC increased its position in shares of Everi by 97.8% during the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after purchasing an additional 4,671 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Everi during the 4th quarter worth approximately $143,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Everi during the 4th quarter worth approximately $151,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.