Everi (NYSE:EVRI) Hits New 1-Year High – Time to Buy?

Everi Holdings Inc. (NYSE:EVRI)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.70 and last traded at $13.70, with a volume of 403750 shares changing hands. The stock had previously closed at $13.62.

Wall Street Analysts Forecast Growth

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

Everi Stock Down 0.2 %

The company has a market capitalization of $1.18 billion, a P/E ratio of 91.21 and a beta of 2.05. The company has a 50-day moving average of $13.54 and a two-hundred day moving average of $13.17. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Activity

In other Everi news, EVP Darren Simmons sold 50,000 shares of Everi stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total transaction of $673,000.00. Following the completion of the transaction, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. The trade was a 26.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of the 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 completion of the sale, the director now directly owns 91,572 shares in the company, valued at approximately $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,476 shares of company stock worth $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Large investors have recently modified their holdings of the stock. Huntington National Bank increased its stake in Everi by 1,296.2% during the 3rd 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 in the last quarter. AlphaQuest LLC raised its holdings in Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock worth $128,000 after acquiring an additional 4,671 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Everi in the 4th quarter valued at approximately $151,000. Stifel Financial Corp boosted its stake in Everi by 12.2% during the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock valued at $172,000 after purchasing an additional 1,423 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Everi in the 4th quarter worth $175,000. Hedge funds and other institutional investors 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.