Everi (NYSE:EVRI) Reaches New 1-Year High – Should You Buy?

Everi Holdings Inc. (NYSE:EVRI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $13.45 and last traded at $13.42, with a volume of 378267 shares traded. The stock had previously closed at $13.39.

Analyst Ratings Changes

Several equities analysts recently commented on EVRI shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.25 price objective (up previously from $11.00) on shares of Everi in a research note on Wednesday, July 31st. B. Riley boosted their price target on shares of Everi from $11.00 to $14.25 and gave the company a “neutral” rating in a research report on Monday, August 5th. StockNews.com began coverage on Everi in a research report on Monday, November 18th. They issued a “hold” rating on the stock. Finally, Raymond James restated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.88.

Everi Trading Up 0.4 %

The stock’s 50 day simple moving average is $13.27 and its 200 day simple moving average is $11.06. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The firm has a market cap of $1.16 billion, a PE ratio of 28.60 and a beta of 2.13.

Insider Buying and Selling

In other news, Director Geoffrey P. Judge sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were 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. The trade was a 14.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darren Simmons sold 75,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by company insiders.

Institutional Trading of Everi

Several hedge funds have recently added to or reduced their stakes in EVRI. Glazer Capital LLC purchased a new position in shares of Everi in the third quarter worth about $33,507,000. Alpine Associates Management Inc. bought a new position in Everi during the 3rd quarter worth approximately $24,815,000. Clearbridge Investments LLC grew its position in Everi by 85.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,785,753 shares of the credit services provider’s stock worth $23,400,000 after acquiring an additional 1,282,682 shares during the last quarter. Westchester Capital Management LLC purchased a new position in Everi in the 3rd quarter worth approximately $16,662,000. Finally, Sand Grove Capital Management LLP bought a new stake in Everi in the third quarter valued at approximately $15,806,000. 95.47% of the stock is owned by institutional investors.

Everi Company Profile

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.