Everi (NYSE:EVRI) Hits New 52-Week High – What’s Next?

Everi Holdings Inc. (NYSE:EVRI) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.14 and last traded at $14.11, with a volume of 1275467 shares changing hands. The stock had previously closed at $14.10.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Everi from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Everi currently has a consensus rating of “Hold” and a consensus price target of $12.83.

Everi Stock Up 0.0%

The business has a 50 day simple moving average of $13.82 and a 200-day simple moving average of $13.66. 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 capitalization of $1.23 billion, a price-to-earnings ratio of 94.04 and a beta of 1.31.

Everi (NYSE:EVRI) last announced its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $193.22 million. Everi had a net margin of 1.72% and a return on equity of 5.47%. On average, equities analysts expect that Everi Holdings Inc. will post 0.25 EPS for the current year.

Insider Activity at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $13.73, for a total transaction of $100,668.36. Following the transaction, the director now owns 84,240 shares of the company’s stock, valued at $1,156,615.20. This represents a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Todd A. Valli sold 30,000 shares of the company’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at $789,428.75. This represents a 34.32% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everi

A number of hedge funds have recently bought and sold shares of EVRI. Jane Street Group LLC boosted its holdings in shares of Everi by 922.4% during the first quarter. Jane Street Group LLC now owns 184,445 shares of the credit services provider’s stock valued at $2,521,000 after acquiring an additional 166,405 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Everi by 24.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 296,076 shares of the credit services provider’s stock worth $4,047,000 after buying an additional 58,746 shares during the period. Aristeia Capital L.L.C. acquired a new stake in Everi during the 1st quarter worth about $151,000. Polar Asset Management Partners Inc. grew its stake in Everi by 216.8% during the 1st quarter. Polar Asset Management Partners Inc. now owns 1,108,816 shares of the credit services provider’s stock valued at $15,158,000 after acquiring an additional 758,816 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Everi by 24.7% in the 1st quarter. Millennium Management LLC now owns 2,462,690 shares of the credit services provider’s stock valued at $33,665,000 after buying an additional 487,826 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.