Everi (NYSE:EVRI) Hits New 1-Year High – Still a Buy?

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

Wall Street Analyst Weigh In

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

Everi Trading Up 0.1 %

The business’s 50 day moving average price is $13.44 and its 200-day moving average price is $12.40. 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 firm has a market cap of $1.17 billion, a price-to-earnings ratio of 90.14 and a beta of 2.07.

Insider Buying and Selling at Everi

In other Everi news, Director Geoffrey P. Judge sold 16,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the sale, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. This trade represents a 14.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Linster W. Fox sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The stock was 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 a total of 255,476 shares of company stock worth $3,435,636 over the last ninety days. Company insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Clearbridge Investments LLC raised its stake in Everi by 85.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock valued at $23,400,000 after acquiring an additional 1,282,682 shares in the last quarter. Glazer Capital LLC bought a new stake in shares of Everi during the third quarter valued at about $33,507,000. Alpine Associates Management Inc. acquired a new stake in Everi in the third quarter worth about $24,815,000. Geode Capital Management LLC grew its position in Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider’s stock valued at $24,450,000 after buying an additional 27,670 shares in the last quarter. Finally, Westchester Capital Management LLC acquired a new position in Everi during the 3rd quarter valued at about $16,662,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.