Everi (NYSE:EVRI) Hits New 52-Week High - What's Next?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $14.15 and last traded at $14.19, with a volume of 316076 shares. The stock had previously closed at $14.13.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $12.83.

Everi Price Performance

The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock has a 50-day moving average price of $13.90 and a 200 day moving average price of $13.70. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 94.44 and a beta of 1.31.

Everi (NYSE:EVRI - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The credit services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $181.30 million during the quarter, compared to analyst estimates of $193.22 million. Everi had a net margin of 1.72% and a return on equity of 5.47%. As a group, equities research analysts expect that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Insider Activity at Everi

In related news, CAO Todd A. Valli sold 30,000 shares of Everi stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the sale, the chief accounting officer now directly owns 57,413 shares in the company, valued at approximately $789,428.75. The trade was a 34.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. This trade represents a 8.01% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Everi

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Everi in the fourth quarter worth about $4,361,000. Schonfeld Strategic Advisors LLC raised its holdings in Everi by 179.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 468,912 shares of the credit services provider's stock valued at $6,335,000 after acquiring an additional 301,354 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Everi in the 4th quarter worth approximately $151,000. AQR Arbitrage LLC boosted its holdings in shares of Everi by 27.5% during the 4th quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock worth $25,402,000 after purchasing an additional 405,831 shares during the last quarter. Finally, Water Island Capital LLC grew its position in shares of Everi by 14.5% in the fourth quarter. Water Island Capital LLC now owns 2,924,921 shares of the credit services provider's stock valued at $39,516,000 after purchasing an additional 370,704 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

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.