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

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 2,557,703 shares were traded during trading, an increase of 221% from the previous session's volume of 797,182 shares.The stock last traded at $13.50 and had previously closed at $13.65.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Everi has an average rating of "Hold" and an average price target of $12.83.

Everi Stock 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 firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 90.14 and a beta of 1.57. The stock has a fifty day moving average price of $13.66 and a 200-day moving average price of $13.50.

Insiders Place Their Bets

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the sale, the director now owns 84,240 shares of the company's stock, valued at approximately $1,156,615.20. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.40% of the company's stock.

Institutional Investors Weigh In On Everi

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRI. Jane Street Group LLC boosted its stake in shares of Everi by 86.7% in the 3rd quarter. Jane Street Group LLC now owns 162,951 shares of the credit services provider's stock valued at $2,141,000 after purchasing an additional 75,655 shares during the last quarter. Franklin Resources Inc. increased its stake in 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 buying an additional 2,564 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 worth $24,450,000 after acquiring an additional 27,670 shares in the last quarter. Stifel Financial Corp increased its holdings in 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 during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Everi by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 36,908 shares of the credit services provider's stock valued at $499,000 after purchasing an additional 4,772 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.