Everi (NYSE:EVRI) Hits New 1-Year High – What’s Next?

Everi Holdings Inc. (NYSE:EVRI)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.57 and last traded at $13.55, with a volume of 24822 shares traded. The stock had previously closed at $13.54.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Monday. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Everi currently has a consensus rating of “Hold” and a consensus price target of $12.88.

Everi Stock Performance

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 firm has a market cap of $1.17 billion, a price-to-earnings ratio of 90.67 and a beta of 2.06. The firm has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $12.63.

Insiders Place Their Bets

In other Everi news, 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 approximately $1,890,120.50. The trade was a 26.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total value of $54,000.00. Following the completion of the transaction, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have 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 hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank boosted its holdings 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 last quarter. Quarry LP grew its holdings in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after acquiring an additional 2,864 shares during the period. Magnetar Financial LLC purchased a new position in Everi during the second quarter valued at approximately $104,000. FNY Investment Advisers LLC acquired a new position in Everi in the fourth quarter valued at approximately $175,000. Finally, Stifel Financial Corp boosted its position in Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after purchasing an additional 1,423 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Everi

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.