Everi (NYSE:EVRI) Reaches New 1-Year High – Here’s Why

Everi Holdings Inc. (NYSE:EVRI) reached a new 52-week high on Thursday . The stock traded as high as $13.73 and last traded at $13.72, with a volume of 4992 shares changing hands. The stock had previously closed at $13.69.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Everi in a research report on Thursday, February 6th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.88.

Everi Price Performance

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 company has a market cap of $1.18 billion, a PE ratio of 91.51 and a beta of 2.05. The stock has a 50-day simple moving average of $13.56 and a 200 day simple moving average of $13.31.

Insider Activity

In related news, Chairman Michael D. Rumbolz sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total transaction of $673,500.00. Following the completion of the transaction, the chairman now directly owns 1,032,062 shares of the company’s stock, valued at $13,901,875.14. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 4,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was 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 of the company’s stock, valued at $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,476 shares of company stock valued at $3,435,636. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vestcor Inc acquired a new position in shares of Everi during the 4th quarter worth about $28,000. Huntington National Bank boosted its position in shares of Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 5,470 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Everi by 97.8% during 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 in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Everi during the 4th quarter worth about $151,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Everi during the 4th quarter worth about $175,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.