Everi (NYSE:EVRI) Hits New 12-Month High – Here’s Why

Everi Holdings Inc. (NYSE:EVRI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.51 and last traded at $13.50, with a volume of 9152 shares. The stock had previously closed at $13.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Everi in a report on Friday. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.88.

Everi Price Performance

The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 90.01 and a beta of 2.07. 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 company has a 50 day moving average price of $13.39 and a 200 day moving average price of $11.87.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction on Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Linster W. Fox sold 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $13.48, for a total value of $539,200.00. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock worth $3,435,636 over the last three months. 6.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in Everi by 12.2% in the third 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 during the period. CWM LLC raised its stake in 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. Franklin Resources Inc. lifted its holdings in Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 2,564 shares in the last quarter. Quarry LP grew its stake 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, Signaturefd LLC increased its holdings in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 3,060 shares in the last quarter. 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.