Everi (NYSE:EVRI) Hits New 1-Year High - Here's What Happened

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $14.14 and last traded at $14.11, with a volume of 1275467 shares traded. The stock had previously closed at $14.10.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.83.

Everi Stock Down 0.1%

The business's 50 day moving average price is $13.85 and its 200-day moving average price is $13.68. The firm has a market capitalization of $1.23 billion, a PE ratio of 94.14 and a beta of 1.31. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Everi (NYSE:EVRI - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The company had revenue of $181.30 million during the quarter, compared to analysts' expectations 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 forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Geoffrey P. Judge sold 7,332 shares of the company'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 transaction of $100,668.36. Following the sale, the director now directly owns 84,240 shares of the company's stock, valued at $1,156,615.20. This represents a 8.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

Large investors have recently modified their holdings of the company. Vestcor Inc purchased a new stake in shares of Everi in the 4th quarter valued at approximately $28,000. US Bancorp DE boosted its holdings in shares of Everi by 1,952.0% in the 1st quarter. US Bancorp DE now owns 6,833 shares of the credit services provider's stock valued at $93,000 after buying an additional 6,500 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock valued at $128,000 after buying an additional 4,671 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Everi in the 4th quarter valued at $143,000. Finally, Aristeia Capital L.L.C. acquired a new position in shares of Everi in the 1st quarter valued at $151,000. 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.