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

Everi Holdings Inc. (NYSE:EVRI)’s share price hit a new 52-week high on Thursday . The company traded as high as $13.50 and last traded at $13.50, with a volume of 36705 shares. The stock had previously closed at $13.48.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Everi in a report on Thursday. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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 stock has a market capitalization of $1.16 billion, a P/E ratio of 89.77 and a beta of 2.07. The business’s fifty day simple moving average is $13.36 and its two-hundred day simple moving average is $11.69.

Insider Activity

In related news, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares in the company, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the sale, the executive vice president now owns 542,928 shares in the company, valued at $7,318,669.44. This represents a 7.73 % decrease in their position. The disclosure for this sale can be found here. Over 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.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted 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 valued at $27,000 after purchasing an additional 3,060 shares in the last quarter. CWM LLC lifted 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 worth $30,000 after buying an additional 1,897 shares during the period. Huntington National Bank boosted its stake 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 buying an additional 5,470 shares in the last quarter. Quarry LP grew its position 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 acquiring an additional 2,864 shares during the period. Finally, Magnetar Financial LLC acquired a new position in Everi during the second quarter worth $104,000. Institutional investors 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.