Everi (NYSE:EVRI) Reaches New 1-Year High - Time to Buy?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.56 and last traded at $13.53, with a volume of 28205 shares changing hands. The stock had previously closed at $13.51.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Everi in a research report on Sunday. They set a "hold" rating for the company. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.88.

Everi Price Performance

The firm has a market capitalization of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.07. The stock's 50 day simple moving average is $13.44 and its 200 day simple moving average is $12.40. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insiders Place Their Bets

In related news, EVP David Lucchese sold 45,476 shares of the company's stock in a transaction on 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 directly owns 542,928 shares in the company, valued at $7,318,669.44. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $13.37, for a total transaction of $213,920.00. Following the completion of the transaction, the director now directly owns 91,572 shares of the company's stock, valued at $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,476 shares of company stock worth $3,435,636 in the last ninety days. 6.40% of the stock is owned by company insiders.

Institutional Trading of Everi

Several large investors have recently made changes to their positions in EVRI. Nordea Investment Management AB increased 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 purchasing an additional 3,573 shares during the last quarter. Franklin Resources Inc. boosted its stake in Everi by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider's stock worth $550,000 after purchasing an additional 2,564 shares during the period. Virtu Financial LLC acquired a new position in Everi during the 3rd quarter worth approximately $878,000. Geode Capital Management LLC increased its holdings in shares of Everi by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after purchasing an additional 27,670 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in shares of Everi in the 3rd quarter worth approximately $223,000. 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.