Everi (NYSE:EVRI) Sees Strong Trading Volume - Here's Why

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) saw unusually-high trading volume on Friday . Approximately 974,371 shares traded hands during mid-day 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 started coverage on Everi in a report on Tuesday. They set a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.88.

Everi Stock Down 0.2 %

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.77 and a beta of 2.06. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06. The business's 50 day moving average is $13.50 and its 200-day moving average is $12.89.

Insider Buying and Selling at Everi

In other news, EVP David Lucchese sold 45,476 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.48, for a total value of $613,016.48. Following the sale, the executive vice president now directly owns 542,928 shares in the company, valued at approximately $7,318,669.44. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Darren Simmons sold 50,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 255,476 shares of company stock valued at $3,435,636 in the last ninety days. Company insiders own 6.40% of the company's stock.

Institutional Trading of Everi

A number of large investors have recently bought and sold shares of EVRI. Huntington National Bank boosted its stake in shares of Everi by 1,296.2% in the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock valued at $77,000 after purchasing an additional 5,470 shares in the last quarter. Quarry LP boosted its position in Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock valued at $86,000 after buying an additional 2,864 shares in the last quarter. Magnetar Financial LLC acquired a new position in Everi in the second quarter valued at about $104,000. FNY Investment Advisers LLC bought a new stake in Everi during the fourth quarter worth about $175,000. Finally, Stifel Financial Corp increased its holdings in shares of Everi by 12.2% during the third 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. 95.47% of the stock is currently owned by institutional investors.

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.