Everi (NYSE:EVRI) Hits New 52-Week High – Still a Buy?

Shares of Everi Holdings Inc. (NYSE:EVRI) reached a new 52-week high on Monday . The stock traded as high as $13.49 and last traded at $13.49, with a volume of 162 shares. The stock had previously closed at $13.47.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Everi in a research report on Wednesday. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi currently has a consensus rating of “Hold” and a consensus price target 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’s fifty day moving average is $13.31 and its 200 day moving average is $11.39. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 89.71 and a beta of 2.07.

Insider Activity

In related news, CFO Mark F. Labay sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $13.38, for a total transaction of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at approximately $1,905,659.88. The trade was a 25.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,000 shares of company stock worth $1,865,420 in the last quarter. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its position in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock valued at $27,000 after buying an additional 3,060 shares in the last quarter. CWM LLC increased its position in Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing 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 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock valued at $77,000 after acquiring an additional 5,470 shares during the last quarter. Quarry LP grew its holdings in shares of Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Everi during the second quarter worth $104,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.