Everi (NYSE:EVRI) Hits New 12-Month High - Still a Buy?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $13.65 and last traded at $13.64, with a volume of 1329185 shares trading hands. The stock had previously closed at $13.63.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Everi in a report on Wednesday, January 29th. They set a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average price target of $12.88.

Everi Stock 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 firm has a market cap of $1.18 billion, a PE ratio of 90.84 and a beta of 2.05. The business has a 50-day simple moving average of $13.53 and a 200 day simple moving average of $13.16.

Insiders Place Their Bets

In other news, CFO Mark F. Labay sold 50,000 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $13.38, for a total value of $669,000.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linster W. Fox sold 40,000 shares of Everi stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.48, for a total transaction of $539,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock valued at $3,435,636 in the last quarter. 6.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everi

A number of institutional investors and hedge funds have recently modified their holdings of EVRI. Huntington National Bank increased its position in shares of Everi by 1,296.2% during the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock worth $77,000 after acquiring an additional 5,470 shares during the period. FNY Investment Advisers LLC bought a new stake in Everi during the 4th quarter valued at $175,000. Stifel Financial Corp lifted its holdings in shares of Everi by 12.2% in the 3rd 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 period. GAM Holding AG purchased a new position in shares of Everi during the third quarter valued at $197,000. Finally, Quarry LP raised its holdings in shares of Everi by 59.5% in the third quarter. Quarry LP now owns 16,320 shares of the credit services provider's stock valued at $214,000 after acquiring an additional 6,090 shares in the last quarter. 95.47% of the stock is 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.