Everi (NYSE:EVRI) Sees Unusually-High Trading Volume – What’s Next?

Shares of Everi Holdings Inc. (NYSE:EVRI) saw unusually-high trading volume on Friday . Approximately 974,371 shares were traded during trading, an increase of 72% from the previous session’s volume of 566,770 shares.The stock last traded at $13.63 and had previously closed at $13.64.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Everi in a research note on Tuesday. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Everi currently has an average rating of “Hold” and a consensus price target of $12.88.

Everi Price Performance

The firm’s fifty day simple moving average is $13.49 and its 200-day simple moving average is $12.83. The firm has a market capitalization of $1.18 billion, a PE ratio of 90.84 and a beta of 2.06. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Transactions at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were 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 in the company, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the completion of the sale, the executive vice president now owns 140,425 shares of the company’s stock, valued at $1,890,120.50. This trade represents a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock worth $3,435,636 over the last quarter. 6.40% of the stock is currently owned by insiders.

Institutional Trading of Everi

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank increased its holdings in Everi by 1,296.2% in 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. Quarry LP raised its position in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after purchasing an additional 2,864 shares during the period. Magnetar Financial LLC bought a new position in Everi in the 2nd quarter worth $104,000. Stifel Financial Corp increased its stake in Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider’s stock worth $172,000 after buying an additional 1,423 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Everi in the fourth quarter valued at about $175,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.