Everi (NYSE:EVRI) Sets New 1-Year High - What's Next?

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.20 and last traded at $14.19, with a volume of 85860 shares traded. The stock had previously closed at $14.18.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Everi from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.83.

Everi Stock Performance

The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The company's fifty day moving average price is $13.93 and its 200 day moving average price is $13.71. The company has a market cap of $1.23 billion, a PE ratio of 94.54 and a beta of 1.22.

Everi (NYSE:EVRI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $181.30 million during the quarter, compared to the consensus estimate of $193.22 million. Everi had a net margin of 1.72% and a return on equity of 5.47%. On average, equities research analysts predict that Everi Holdings Inc. will post 0.25 earnings per share for the current year.

Insiders Place Their Bets

In other Everi 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 transaction of $412,500.00. Following the completion of the sale, the chief accounting officer now owns 57,413 shares of the company's stock, valued at $789,428.75. The trade was a 34.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vestcor Inc purchased a new position in Everi during the 4th quarter valued at $28,000. US Bancorp DE boosted its stake in shares of Everi by 1,952.0% during the 1st quarter. US Bancorp DE now owns 6,833 shares of the credit services provider's stock valued at $93,000 after purchasing an additional 6,500 shares in the last quarter. AlphaQuest LLC increased its position in shares of Everi by 97.8% during the fourth 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 during the period. EP Wealth Advisors LLC bought a new position in Everi in the fourth quarter worth about $143,000. Finally, Proficio Capital Partners LLC purchased a new stake in Everi in the fourth quarter worth about $151,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

About Everi

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.