Everi (NYSE:EVRI) Sets New 12-Month High - Still a Buy?

Shares of Everi Holdings Inc. (NYSE:EVRI - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $14.24 and last traded at $14.24, with a volume of 3482149 shares trading hands. The stock had previously closed at $14.22.

Wall Street Analyst Weigh In

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

Everi Price Performance

The company has a market cap of $1.24 billion, a price-to-earnings ratio of 88.97 and a beta of 1.22. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.60. The business has a 50-day moving average price of $14.08 and a 200 day moving average price of $13.77.

Everi (NYSE:EVRI - Get Free Report) last announced its earnings results 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 net margin of 1.92% and a return on equity of 5.66%. The company had revenue of $181.30 million for the quarter, compared to analysts' expectations of $193.22 million. As a group, research analysts expect that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 value 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 represents a 34.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company's stock.

Institutional Trading of Everi

A number of institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in shares of Everi during the 4th quarter worth $151,000. Victory Capital Management Inc. increased its position in Everi by 773.4% during the fourth quarter. Victory Capital Management Inc. now owns 91,039 shares of the credit services provider's stock worth $1,230,000 after buying an additional 80,615 shares during the last quarter. Arizona State Retirement System increased its position in Everi by 3.2% during the fourth quarter. Arizona State Retirement System now owns 24,974 shares of the credit services provider's stock worth $337,000 after buying an additional 765 shares during the last quarter. Raymond James Financial Inc. bought a new position in Everi during the fourth quarter valued at about $4,361,000. Finally, AlphaQuest LLC lifted its position in shares of Everi by 97.8% in the fourth 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 last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.

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