Everi (NYSE:EVRI) Sets New 1-Year High – Here’s Why

Everi Holdings Inc. (NYSE:EVRI)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $13.54 and last traded at $13.54, with a volume of 202 shares traded. The stock had previously closed at $13.48.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Everi in a report on Saturday, December 28th. They set 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 price target of $12.88.

Everi Trading Up 0.2 %

The firm has a fifty day moving average of $13.43 and a 200-day moving average of $12.26. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.07 and a beta of 2.07.

Insider Transactions at Everi

In other news, Director Geoffrey P. Judge sold 16,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linster W. Fox sold 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.48, for a total transaction of $539,200.00. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock valued at $3,435,636 over the last quarter. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVRI. Raymond James & Associates raised its position in shares of Everi by 260.7% in the 2nd quarter. Raymond James & Associates now owns 241,175 shares of the credit services provider’s stock valued at $2,026,000 after purchasing an additional 174,319 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Everi by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 645,400 shares of the credit services provider’s stock worth $5,421,000 after buying an additional 26,138 shares during the last quarter. Signaturefd LLC raised its holdings in Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 3,060 shares in the last quarter. Rhumbline Advisers boosted its stake in Everi by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after acquiring an additional 4,486 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Everi by 27.6% during the 2nd quarter. Victory Capital Management Inc. now owns 42,816 shares of the credit services provider’s stock worth $360,000 after acquiring an additional 9,270 shares in the last quarter. Institutional investors and hedge funds 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.