Everi (NYSE:EVRI) Hits New 12-Month High – Still a Buy?

Everi Holdings Inc. (NYSE:EVRI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $13.44 and last traded at $13.37, with a volume of 151404 shares traded. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

EVRI has been the subject of several recent analyst reports. Truist Financial cut their price objective on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. StockNews.com initiated coverage on shares of Everi in a research report on Saturday. They set a “hold” rating for the company. Stifel Nicolaus restated a “hold” rating and set a $14.25 price objective (up from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, B. Riley raised their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi presently has an average rating of “Hold” and an average target price of $13.50.

Everi Trading Up 0.1 %

The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 28.43 and a beta of 2.13. The business’s 50-day simple moving average is $13.19 and its two-hundred day simple moving average is $10.63. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Everi had a net margin of 5.42% and a return on equity of 17.86%. The business had revenue of $191.19 million during the quarter, compared to analysts’ expectations of $190.00 million. Equities analysts forecast that Everi Holdings Inc. will post 0.49 earnings per share for the current year.

Insider Activity at Everi

In related news, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares in the company, valued at approximately $10,292,944.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Randy L. Taylor sold 29,222 shares of Everi stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the transaction, the chief executive officer now owns 794,822 shares in the company, valued at approximately $10,292,944.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,417 shares of company stock worth $1,713,281. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in Everi by 13.7% in the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after acquiring an additional 66,033 shares during the last quarter. Vista Investment Partners LLC acquired a new position in shares of Everi in the 2nd quarter valued at $346,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Everi in the 1st quarter valued at $1,168,000. Private Capital Management LLC boosted its holdings in shares of Everi by 19.8% in the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after buying an additional 461,939 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Everi by 756.2% in the 2nd 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. Hedge funds and other 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.