Everi (NYSE:EVRI) Sees Large Volume Increase - Should You Buy?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report) saw an uptick in trading volume on Tuesday . 1,475,377 shares traded hands during trading, an increase of 15% from the previous session's volume of 1,283,319 shares.The stock last traded at $13.95 and had previously closed at $13.85.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four research 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 company currently has a consensus rating of "Hold" and a consensus price target of $12.83.

Everi Stock Up 0.9 %

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 $1.21 billion, a price-to-earnings ratio of 93.17 and a beta of 1.57. The business has a 50-day simple moving average of $13.67 and a two-hundred day simple moving average of $13.55.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the firm's stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction on Monday, April 21st. The shares were 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 directly owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This trade represents a 34.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVRI. Vestcor Inc acquired a new position in Everi in the fourth quarter worth about $28,000. AlphaQuest LLC lifted its position in shares of Everi by 97.8% during the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider's stock worth $128,000 after buying an additional 4,671 shares during the period. EP Wealth Advisors LLC acquired a new stake in Everi in the 4th quarter valued at $143,000. Proficio Capital Partners LLC acquired a new position in Everi during the fourth quarter worth $151,000. Finally, Stifel Financial Corp lifted its holdings in shares of Everi by 12.2% during the third quarter. Stifel Financial Corp now owns 13,059 shares of the credit services provider's stock valued at $172,000 after acquiring an additional 1,423 shares during the period. 95.47% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.