Everi Holdings Inc. (NYSE:EVRI - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as $13.45 and last traded at $13.42, with a volume of 378267 shares traded. The stock had previously closed at $13.39.
Wall Street Analysts Forecast Growth
EVRI has been the subject of several analyst reports. B. Riley raised their target price on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a report on Monday, August 5th. StockNews.com began coverage on Everi in a report on Monday. They issued a "hold" rating for the company. Stifel Nicolaus reaffirmed a "hold" rating and set a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Finally, Raymond James reiterated a "market perform" rating on shares of Everi in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.88.
Get Our Latest Report on Everi
Everi Price Performance
The stock's 50-day moving average is $13.25 and its 200 day moving average is $11.00. The stock has a market capitalization of $1.16 billion, a PE ratio of 28.49 and a beta of 2.13. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.
Insider Activity at Everi
In other news, EVP Darren Simmons sold 75,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares of the company's stock, valued at approximately $2,494,567.50. This represents a 28.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 16,000 shares of Everi stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the sale, the director now directly owns 91,572 shares in the company, valued at $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Everi
Several institutional investors have recently bought and sold shares of EVRI. Stifel Financial Corp lifted its position in 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 last quarter. CWM LLC increased its holdings in shares of Everi by 117.5% during the second quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 1,897 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Everi by 4.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 53,078 shares of the credit services provider's stock valued at $446,000 after acquiring an additional 2,347 shares in the last quarter. Quarry LP grew its stake in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock worth $86,000 after acquiring an additional 2,864 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock worth $27,000 after buying an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.
About Everi
(
Get Free Report)
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.
Further Reading
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