Everi (NYSE:EVRI) Reaches New 52-Week High - Should You Buy?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $13.40 and last traded at $13.39, with a volume of 17006 shares traded. The stock had previously closed at $13.35.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus restated a "hold" rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Raymond James restated a "market perform" rating on shares of Everi in a research report on Monday, July 29th. StockNews.com initiated coverage on Everi in a report on Friday. They issued a "hold" rating on the stock. Truist Financial dropped their price objective on Everi from $11.00 to $10.00 and set a "hold" rating for the company in a report on Thursday, July 18th. Finally, B. Riley increased their target price on Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.50.

Everi Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94. The firm has a 50 day moving average of $13.13 and a 200-day moving average of $10.38. The company has a market cap of $1.12 billion, a P/E ratio of 20.54 and a beta of 2.15.

Everi (NYSE:EVRI - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The firm had revenue of $191.19 million during the quarter, compared to the consensus estimate of $190.00 million. As a group, sell-side analysts anticipate that Everi Holdings Inc. will post 0.49 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $155,736.70. Following the completion of the sale, the executive vice president now directly owns 68,477 shares in the company, valued at $886,777.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Randy L. Taylor sold 29,222 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $378,424.90. Following the completion of the sale, the chief executive officer now owns 794,822 shares of the company's stock, valued at $10,292,944.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the business's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $12.95, for a total value of $155,736.70. Following the sale, the executive vice president now owns 68,477 shares in the company, valued at $886,777.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,417 shares of company stock worth $1,713,281. Corporate insiders own 6.40% of the company's stock.

Institutional Investors Weigh In On Everi

A number of large investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Everi by 2,428.6% during the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock worth $27,000 after purchasing an additional 3,060 shares during the period. CWM LLC increased its holdings in Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock worth $30,000 after acquiring an additional 1,897 shares in the last quarter. Quarry LP lifted its holdings in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock valued at $86,000 after purchasing an additional 2,864 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Everi in the second quarter valued at about $104,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Everi during the second quarter worth about $118,000. 95.47% of the stock is owned by hedge funds and other 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.