Everi (NYSE:EVRI) Sees Strong Trading Volume - Still a Buy?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) saw an uptick in trading volume on Friday . 518,472 shares traded hands during trading, an increase of 41% from the previous session's volume of 366,781 shares.The stock last traded at $13.52 and had previously closed at $13.52.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Everi in a report on Saturday, December 28th. They issued a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.88.

Everi Stock Performance

The company's fifty day simple moving average is $13.43 and its 200 day simple moving average is $12.30. The stock has a market capitalization of $1.17 billion, a P/E ratio of 90.21 and a beta of 2.07. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 91,572 shares of the company's stock, valued at $1,236,222. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark F. Labay sold 50,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares in the company, valued at approximately $1,905,659.88. This trade represents a 25.98 % decrease in their position. 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 ninety days. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. boosted 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 in the last quarter. Virtu Financial LLC bought a new stake in Everi in the third quarter worth $878,000. Geode Capital Management LLC boosted its position in Everi by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,860,321 shares of the credit services provider's stock valued at $24,450,000 after buying an additional 27,670 shares during the period. MML Investors Services LLC bought a new position in shares of Everi during the third quarter valued at about $223,000. Finally, Jane Street Group LLC increased its holdings in shares of Everi by 86.7% in the third quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock worth $2,141,000 after buying an additional 75,655 shares during the period. 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.