Everi (NYSE:EVRI) Reaches New 12-Month High – Still a Buy?

Everi Holdings Inc. (NYSE:EVRI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.81 and last traded at $13.78, with a volume of 943511 shares changing hands. The stock had previously closed at $13.74.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Everi in a report on Friday, February 14th. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.88.

Everi Price Performance

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 stock has a 50-day moving average price of $13.57 and a two-hundred day moving average price of $13.33. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 91.84 and a beta of 2.05.

Insider Activity 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 stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the transaction, the director now owns 91,572 shares of the company’s stock, valued at $1,236,222. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $13.38, for a total value of $669,000.00. Following the transaction, the chief financial officer now directly owns 142,426 shares of the company’s stock, valued at $1,905,659.88. The trade was a 25.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 239,476 shares of company stock worth $3,221,716 in the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Everi

A number of large investors have recently made changes to their positions in EVRI. Creative Planning grew its position in shares of Everi by 11.9% in the third quarter. Creative Planning now owns 72,769 shares of the credit services provider’s stock valued at $956,000 after purchasing an additional 7,728 shares in the last quarter. GAM Holding AG purchased a new position in Everi in the third quarter worth approximately $197,000. Helikon Investments Ltd purchased a new position in Everi in the third quarter worth approximately $220,000. Olympiad Research LP purchased a new position in Everi in the third quarter worth approximately $1,500,000. Finally, Wolverine Asset Management LLC purchased a new position in Everi in the third quarter worth approximately $2,113,000. 95.47% of the stock is currently 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.