Everi (NYSE:EVRI) Sets New 52-Week High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Everi

Everi Price Performance

The stock has a market capitalization of $1.15 billion, a P/E ratio of 28.32 and a beta of 2.15. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.95 and a current ratio of 1.05. The stock has a 50-day simple moving average of $13.14 and a 200 day simple moving average of $10.41.

Everi (NYSE:EVRIGet Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. Everi had a return on equity of 17.86% and a net margin of 5.42%. On average, equities analysts forecast that Everi Holdings Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Everi

In other news, CEO Randy L. Taylor sold 29,222 shares of the 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 transaction, the chief executive officer now owns 794,822 shares of the company’s stock, valued at $10,292,944.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Darren Simmons sold 75,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the sale, the executive vice president now owns 190,425 shares of the company’s stock, valued at approximately $2,494,567.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the chief executive officer now directly owns 794,822 shares in the company, valued at $10,292,944.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,417 shares of company stock worth $1,713,281. Insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised 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 valued at $27,000 after purchasing an additional 3,060 shares during the period. CWM LLC raised its stake in shares of Everi by 117.5% in the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 1,897 shares during the period. Quarry LP raised its stake in shares of Everi by 38.9% in the 2nd 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 during the period. Magnetar Financial LLC acquired a new stake in shares of Everi in the 2nd quarter valued at about $104,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Everi in the 2nd quarter valued at about $118,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Everi

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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.

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