Everi (NYSE:EVRI) Reaches New 52-Week High – Time to Buy?

Everi Holdings Inc. (NYSE:EVRI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $13.81 and last traded at $13.78, with a volume of 943511 shares traded. The stock had previously closed at $13.74.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Everi in a research note on Friday, February 14th. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.88.

Everi Trading Up 0.3 %

The firm has a market cap of $1.19 billion, a P/E ratio of 92.17 and a beta of 2.05. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The stock has a 50 day moving average of $13.59 and a 200 day moving average of $13.34.

Insider Activity at Everi

In other news, Director Linster W. Fox sold 40,000 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Geoffrey P. Judge sold 4,000 shares of the firm’s stock in a transaction dated 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. Insiders have sold a total of 239,476 shares of company stock valued at $3,221,716 over the last 90 days. 6.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its stake in shares of Everi by 86.7% during the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider’s stock valued at $2,141,000 after buying an additional 75,655 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Everi during the third quarter worth about $232,000. Franklin Resources Inc. boosted its holdings in shares of Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock worth $550,000 after purchasing an additional 2,564 shares during the period. Huntington National Bank boosted its holdings in shares of Everi by 1,296.2% during 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. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Everi during the third quarter worth about $2,113,000. 95.47% of the stock is owned by 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.