Everi (NYSE:EVRI) Sees Large Volume Increase - Time to Buy?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) saw strong trading volume on Monday . 1,217,976 shares were traded during trading, an increase of 129% from the previous session's volume of 532,502 shares.The stock last traded at $13.67 and had previously closed at $13.68.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Everi in a research report on Friday. They set a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.88.

Everi Price Performance

The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The company has a 50-day moving average price of $13.56 and a 200-day moving average price of $13.31. The firm has a market capitalization of $1.19 billion, a PE ratio of 91.64 and a beta of 2.05.

Insider Activity

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $13.50, for a total transaction of $54,000.00. Following the completion of the sale, the director now directly owns 91,572 shares in the company, valued at $1,236,222. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Darren Simmons sold 50,000 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the sale, the executive vice president now owns 140,425 shares of the company's stock, valued at $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 239,476 shares of company stock worth $3,221,716 over the last three months. 6.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everi

Large investors have recently modified their holdings of the stock. Vestcor Inc acquired a new stake in shares of Everi in the fourth quarter valued at about $28,000. Huntington National Bank grew its stake in shares of Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock valued at $77,000 after buying an additional 5,470 shares in the last quarter. AlphaQuest LLC grew its stake in shares of 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. Proficio Capital Partners LLC acquired a new stake in shares of Everi in the fourth quarter valued at about $151,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Everi in the fourth quarter valued at about $175,000. Institutional investors and hedge funds own 95.47% of the company's stock.

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.