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

Everi Holdings Inc. (NYSE:EVRI) shares hit 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. The stock had previously closed at $13.69.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Everi in a report on Friday. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.88.

Everi Stock Down 0.1 %

The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The firm has a market cap of $1.18 billion, a PE ratio of 91.57 and a beta of 2.05. The stock has a fifty day simple moving average of $13.57 and a two-hundred day simple moving average of $13.32.

Insider Buying and Selling at Everi

In other news, EVP David Lucchese sold 45,476 shares of Everi stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $613,016.48. Following the completion of the sale, the executive vice president now owns 542,928 shares in the company, valued at approximately $7,318,669.44. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $13.50, for a total value of $54,000.00. Following the sale, the director now owns 91,572 shares of the company’s stock, valued at approximately $1,236,222. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 239,476 shares of company stock valued at $3,221,716 in the last quarter. 6.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Everi

A number of large investors have recently modified their holdings of EVRI. SG Americas Securities LLC bought a new stake in shares of Everi during the 3rd quarter valued at about $422,000. Creative Planning boosted its position in shares of Everi by 11.9% during the 3rd quarter. Creative Planning now owns 72,769 shares of the credit services provider’s stock valued at $956,000 after acquiring an additional 7,728 shares during the last quarter. GAM Holding AG bought a new stake in shares of Everi during the 3rd quarter valued at about $197,000. Helikon Investments Ltd bought a new stake in Everi in the 3rd quarter worth approximately $220,000. Finally, Olympiad Research LP bought a new stake in Everi in the 3rd quarter worth approximately $1,500,000. 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.