Everi (NYSE:EVRI) Reaches New 12-Month High - What's Next?

Everi Holdings Inc. (NYSE:EVRI - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $13.84 and last traded at $13.84, with a volume of 71241 shares. The stock had previously closed at $13.80.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Everi presently has an average rating of "Hold" and a consensus target price of $12.83.

Everi Stock Up 0.4 %

The stock has a market capitalization of $1.21 billion, a P/E ratio of 93.61 and a beta of 1.57. The company has a fifty day moving average price of $13.67 and a 200-day moving average price of $13.55. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.84.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 7,332 shares of the business's stock in a transaction 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 transaction, the director now owns 84,240 shares in the company, valued at $1,156,615.20. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Everi

Institutional investors and hedge funds have recently modified their holdings of the business. Highbridge Capital Management LLC increased its stake 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 purchasing an additional 830,470 shares during the period. Westchester Capital Management LLC lifted its stake in Everi by 41.1% in the fourth quarter. Westchester Capital Management LLC now owns 1,789,246 shares of the credit services provider's stock worth $24,173,000 after acquiring an additional 521,218 shares during the period. Eisler Capital Management Ltd. bought a new position in Everi during the 4th quarter worth about $5,912,000. Marshall Wace LLP increased its position in Everi by 3,126.6% during the 4th quarter. Marshall Wace LLP now owns 429,133 shares of the credit services provider's stock valued at $5,798,000 after purchasing an additional 415,833 shares during the period. Finally, AQR Arbitrage LLC raised its holdings in shares of Everi by 27.5% in the 4th quarter. AQR Arbitrage LLC now owns 1,880,202 shares of the credit services provider's stock valued at $25,402,000 after purchasing an additional 405,831 shares in the last quarter. 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.