Everi (NYSE:EVRI) Hits New 52-Week High – What’s Next?

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EVRI shares. 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. StockNews.com assumed coverage on shares of Everi in a research report on Monday, November 18th. They set a “hold” rating for the company. Stifel Nicolaus restated a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Finally, Raymond James reiterated 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.88.

Everi Stock Up 0.4 %

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’s 50 day moving average price is $13.27 and its two-hundred day moving average price is $11.06. The company has a market cap of $1.16 billion, a P/E ratio of 28.60 and a beta of 2.13.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 16,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was 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 $1,224,317.64. This trade represents a 14.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Darren Simmons sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now directly owns 190,425 shares of the company’s stock, valued at $2,494,567.50. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of large investors have recently modified their holdings of EVRI. Glazer Capital LLC acquired a new position in Everi during the third quarter worth $33,507,000. Alpine Associates Management Inc. purchased a new position in Everi in the third quarter worth $24,815,000. Clearbridge Investments LLC boosted its holdings 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 buying an additional 1,282,682 shares during the last quarter. Westchester Capital Management LLC bought a new position in shares of Everi during the 3rd quarter valued at approximately $16,662,000. Finally, Sand Grove Capital Management LLP bought a new position in Everi during the third quarter valued at $15,806,000. 95.47% of the stock is currently 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.