Everi (NYSE:EVRI) Reaches New 52-Week High – Still a Buy?

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 changing hands. The stock had previously closed at $13.48.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Everi in a research note on Saturday, December 28th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.88.

Everi Stock Performance

The firm has a fifty day moving average of $13.43 and a 200-day moving average of $12.26. 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 stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.07 and a beta of 2.07.

Insider Buying and Selling at Everi

In related news, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction dated 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 owns 91,572 shares in the company, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the completion of the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at $1,905,659.88. The trade was a 25.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 255,476 shares of company stock worth $3,435,636. 6.40% of the stock is owned by corporate insiders.

Institutional Trading of Everi

A number of hedge funds have recently bought and sold shares of EVRI. Signaturefd LLC grew its holdings in Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares during the period. Huntington National Bank grew its holdings 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 valued at $77,000 after purchasing an additional 5,470 shares during the period. Quarry LP increased its position in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the last quarter. Magnetar Financial LLC purchased a new position in Everi during the second quarter worth approximately $104,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Everi in the 2nd quarter valued at $118,000. 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.