Everi Holdings Inc. (NYSE:EVRI - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.10 and last traded at $14.09, with a volume of 46004 shares changing hands. The stock had previously closed at $14.08.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.83.
Read Our Latest Report on Everi
Everi Price Performance
The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 94.11 and a beta of 1.31. The stock's 50-day simple moving average is $13.81 and its 200 day simple moving average is $13.65.
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). Everi had a return on equity of 5.47% and a net margin of 1.72%. The company had revenue of $181.30 million during the quarter, compared to analyst estimates of $193.22 million. On average, equities research analysts anticipate that Everi Holdings Inc. will post 0.25 EPS for the current fiscal year.
Insider Activity
In other news, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $13.75, for a total transaction of $412,500.00. Following the sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction 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 approximately $1,156,615.20. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.
Institutional Investors Weigh In On Everi
Several large investors have recently added to or reduced their stakes in EVRI. Vestcor Inc purchased a new position in Everi in the 4th quarter valued at approximately $28,000. US Bancorp DE raised its stake in shares of Everi by 1,952.0% in the first quarter. US Bancorp DE now owns 6,833 shares of the credit services provider's stock valued at $93,000 after acquiring an additional 6,500 shares in the last quarter. AlphaQuest LLC boosted its holdings in Everi by 97.8% in the fourth quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock valued at $128,000 after purchasing an additional 4,671 shares during the period. EP Wealth Advisors LLC purchased a new position in Everi in the fourth quarter valued at $143,000. Finally, Proficio Capital Partners LLC acquired a new position in Everi during the 4th quarter worth $151,000. 95.47% of the stock is owned by hedge funds and other institutional investors.
Everi Company Profile
(
Get Free Report)
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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