Everi (NYSE:EVRI) Sets New 12-Month High – What’s Next?

Everi Holdings Inc. (NYSE:EVRI)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $13.65 and last traded at $13.64, with a volume of 1329185 shares traded. The stock had previously closed at $13.63.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Everi in a research report on Wednesday. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.88.

Everi Stock Performance

The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The firm has a fifty day moving average price of $13.52 and a 200 day moving average price of $13.00. The firm has a market cap of $1.18 billion, a PE ratio of 90.94 and a beta of 2.06.

Insider Transactions at Everi

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the sale, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the sale, the executive vice president now owns 140,425 shares in the company, 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. Insiders have sold a total of 255,476 shares of company stock worth $3,435,636 in the last quarter. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of institutional investors and hedge funds have recently made changes to their positions in EVRI. Huntington National Bank grew its position in shares of Everi by 1,296.2% during the third 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 boosted its holdings in 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 purchasing an additional 2,864 shares in the last quarter. Stifel Financial Corp boosted its holdings in Everi by 12.2% in the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Everi in the fourth quarter valued at approximately $175,000. Finally, GAM Holding AG acquired a new position in Everi in the third quarter valued at approximately $197,000. 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.