Everi Holdings Inc. (NYSE:EVRI - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $13.70 and last traded at $13.70, with a volume of 403750 shares. The stock had previously closed at $13.62.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Everi in a research note on Thursday. They issued a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.88.
Check Out Our Latest Analysis on EVRI
Everi Trading Down 0.2 %
The company has a market cap of $1.18 billion, a price-to-earnings ratio of 91.21 and a beta of 2.05. 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 business's 50 day moving average price is $13.54 and its 200-day moving average price is $13.21.
Insider Transactions at Everi
In other Everi news, 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 completion of the sale, the director now owns 91,572 shares in the company, valued at $1,236,222. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael D. Rumbolz sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $13.47, for a total transaction of $673,500.00. Following the transaction, the chairman now directly owns 1,032,062 shares in the company, valued at $13,901,875.14. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock worth $3,435,636 over the last quarter. Company insiders own 6.40% of the company's stock.
Institutional Trading of Everi
Several large investors have recently modified their holdings of EVRI. Arizona State Retirement System increased its holdings in Everi by 3.2% in the 4th quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock valued at $337,000 after buying an additional 765 shares during the period. Stifel Financial Corp boosted its holdings in shares of Everi by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after purchasing an additional 1,423 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Everi by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock valued at $550,000 after purchasing an additional 2,564 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Everi by 1.2% during the 4th quarter. Nordea Investment Management AB now owns 295,960 shares of the credit services provider's stock worth $3,995,000 after buying an additional 3,573 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock valued at $128,000 after buying an additional 4,671 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.
About Everi
(
Get Free Report)
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.
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