Everi (NYSE:EVRI) Reaches New 12-Month High – Should You Buy?

Everi Holdings Inc. (NYSE:EVRI)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $13.44 and last traded at $13.37, with a volume of 151404 shares trading hands. The stock had previously closed at $13.35.

Wall Street Analyst Weigh In

A number of research firms recently commented on EVRI. B. Riley increased their target price 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. Truist Financial decreased their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. StockNews.com began coverage on shares of Everi in a research report on Saturday. They set a “hold” rating for the company. Stifel Nicolaus reissued a “hold” rating and set a $14.25 target price (up previously from $11.00) on shares of Everi in a research report on Wednesday, July 31st. Finally, Raymond James reissued a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.50.

Everi Price Performance

The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 28.43 and a beta of 2.13. The stock’s 50 day simple moving average is $13.19 and its 200-day simple moving average is $10.63.

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

Insider Transactions at Everi

In other news, 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 value of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares in the company, valued at $2,494,567.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Darren Simmons sold 75,000 shares of the firm’s 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 sale, the executive vice president now owns 190,425 shares in the company, valued at approximately $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $378,424.90. Following the sale, the chief executive officer now owns 794,822 shares in the company, valued at approximately $10,292,944.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,417 shares of company stock worth $1,713,281 over the last 90 days. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVRI. Signaturefd LLC lifted its holdings in Everi by 2,428.6% during the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 3,060 shares in the last quarter. CWM LLC lifted its stake in shares of Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after buying an additional 1,897 shares in the last quarter. Huntington National Bank lifted its stake in shares of Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after buying an additional 5,470 shares in the last quarter. Quarry LP lifted its stake in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after buying an additional 2,864 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of Everi in the second quarter worth about $104,000. 95.47% of the stock is owned by hedge funds and other 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.