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 $13.28 and last traded at $13.27, with a volume of 19777 shares traded. The stock had previously closed at $13.24.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EVRI. Stifel Nicolaus reissued a “hold” rating and issued a $14.25 price target (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. StockNews.com initiated coverage on shares of Everi in a report on Thursday. They issued a “hold” rating on the stock. B. Riley increased their price objective on Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a report on Monday, August 5th. Truist Financial dropped their price objective on Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Everi in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi currently has a consensus rating of “Hold” and an average target price of $13.50.

Everi Trading Up 0.1 %

The company has a market capitalization of $1.12 billion, a PE ratio of 20.48 and a beta of 2.15. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The firm’s 50 day moving average is $13.08 and its 200 day moving average is $10.23.

Everi (NYSE:EVRI) last released its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $191.19 million for the quarter, compared to analysts’ expectations of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%. As a group, equities analysts predict that Everi Holdings Inc. will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the transaction, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. The trade was a 0.00 % 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. In other news, EVP Darren Simmons sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Randy L. Taylor sold 29,222 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $12.95, for a total value of $378,424.90. Following the transaction, the chief executive officer now directly owns 794,822 shares of the company’s stock, valued at $10,292,944.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,417 shares of company stock worth $1,713,281. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

A number of institutional investors and hedge funds have recently made changes to their positions in EVRI. Vanguard Group Inc. increased its position in Everi by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock valued at $74,522,000 after buying an additional 236,652 shares in the last quarter. Private Capital Management LLC increased its holdings in shares of Everi by 19.8% during the first quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider’s stock valued at $28,051,000 after acquiring an additional 461,939 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Everi by 85.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after purchasing an additional 1,282,682 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Everi by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,849,241 shares of the credit services provider’s stock worth $20,841,000 after purchasing an additional 745,022 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its position in Everi by 2.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,424,894 shares of the credit services provider’s stock valued at $14,320,000 after purchasing an additional 30,780 shares during the last quarter. 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.