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

Everi Holdings Inc. (NYSE:EVRI)’s stock price reached a new 52-week high on Thursday . The company traded as high as $13.73 and last traded at $13.72, with a volume of 4992 shares traded. The stock had previously closed at $13.69.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Everi in a research report on Friday. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Everi has a consensus rating of “Hold” and an average price target of $12.88.

Everi Stock Down 0.1 %

The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The company has a 50-day simple moving average of $13.57 and a two-hundred day simple moving average of $13.32. The stock has a market cap of $1.18 billion, a P/E ratio of 91.57 and a beta of 2.05.

Insider Buying and Selling at Everi

In other news, CFO Mark F. Labay sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the transaction, the director now directly owns 91,572 shares in the company, valued at $1,236,222. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 239,476 shares of company stock worth $3,221,716. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everi

Several hedge funds have recently made changes to their positions in EVRI. Vestcor Inc purchased a new stake in Everi in the fourth quarter worth $28,000. Huntington National Bank grew its stake in Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares during the period. AlphaQuest LLC grew its stake in Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after purchasing an additional 4,671 shares during the period. Proficio Capital Partners LLC purchased a new stake in Everi in the fourth quarter worth $151,000. Finally, Stifel Financial Corp grew its stake 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. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.