Everi (NYSE:EVRI) Sets New 52-Week High - Still a Buy?

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.10 and last traded at $14.09, with a volume of 46004 shares trading hands. The stock had previously closed at $14.08.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.83.

Everi Trading Up 0.2%

The business's 50-day moving average is $13.80 and its two-hundred day moving average is $13.65. 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 market capitalization of $1.23 billion, a PE ratio of 94.11 and a beta of 1.31.

Everi (NYSE:EVRI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). Everi had a return on equity of 5.47% and a net margin of 1.72%. The business had revenue of $181.30 million for the quarter, compared to analysts' expectations of $193.22 million. On average, analysts predict that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares in the company, valued at $789,428.75. The trade was a 34.32% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

Several large investors have recently modified their holdings of EVRI. Nuveen LLC bought a new position in shares of Everi during the first quarter worth about $16,689,000. AQR Arbitrage LLC lifted its position in shares of Everi by 55.3% during the first quarter. AQR Arbitrage LLC now owns 2,920,703 shares of the credit services provider's stock worth $39,926,000 after purchasing an additional 1,040,501 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Everi by 85.5% during the first quarter. Alliancebernstein L.P. now owns 1,953,037 shares of the credit services provider's stock worth $26,698,000 after purchasing an additional 900,250 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Everi by 65,161.1% during the first quarter. Pacer Advisors Inc. now owns 872,541 shares of the credit services provider's stock worth $11,928,000 after purchasing an additional 871,204 shares during the last quarter. Finally, Highbridge Capital Management LLC lifted its holdings in Everi by 147.8% in the fourth quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider's stock worth $18,811,000 after acquiring an additional 830,470 shares during the last quarter. Institutional investors 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.