Everi (NYSE:EVRI) Sets New 52-Week High – Still a Buy?

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

Wall Street Analyst Weigh In

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

Everi Stock Performance

The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 90.21 and a beta of 2.06. The business has a fifty day simple moving average of $13.44 and a 200 day simple moving average of $12.44. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Activity

In other Everi news, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the completion of the sale, the executive vice president now owns 542,928 shares in the company, valued at $7,318,669.44. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark F. Labay sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock valued at $3,435,636 over the last 90 days. Insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

A number of institutional investors and hedge funds have recently made changes to their positions in EVRI. Quest Partners LLC lifted its position in Everi by 756.2% during the second quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider’s stock valued at $621,000 after buying an additional 65,287 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Everi in the 3rd quarter valued at $232,000. Huntington National Bank raised its position in Everi by 1,296.2% in the third 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 period. Burgundy Asset Management Ltd. lifted its stake in shares of Everi by 1,230.8% during the second quarter. Burgundy Asset Management Ltd. now owns 683,938 shares of the credit services provider’s stock worth $5,745,000 after purchasing an additional 632,544 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Everi during the 3rd quarter valued at about $2,113,000. 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.