Everi (NYSE:EVRI) Sets New 1-Year High – Should You Buy?

Shares of Everi Holdings Inc. (NYSE:EVRI) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.44 and last traded at $13.37, with a volume of 151404 shares. The stock had previously closed at $13.35.

Analysts Set New Price Targets

Several research firms have recently issued reports on EVRI. B. Riley raised their price objective on Everi from $11.00 to $14.25 and gave the stock a “neutral” rating in a report on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Everi in a report on Monday, July 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Truist Financial reduced their target price on Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Finally, StockNews.com initiated coverage on Everi in a report on Saturday, November 2nd. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.50.

Everi Stock Performance

The firm has a market capitalization of $1.15 billion, a PE ratio of 28.43 and a beta of 2.13. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.05 and a quick ratio of 0.95. The stock has a 50-day moving average price of $13.20 and a 200-day moving average price of $10.67.

Everi (NYSE:EVRI) last announced its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Everi had a return on equity of 17.86% and a net margin of 5.42%. The business had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. On average, research analysts expect that Everi Holdings Inc. will post 0.49 EPS for the current fiscal year.

Insider Transactions at Everi

In related news, EVP David Lucchese sold 4,124 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total value of $53,570.76. Following the completion of the sale, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at $7,643,367.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Everi news, EVP Darren Simmons sold 75,000 shares of Everi stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the transaction, the executive vice president now directly owns 190,425 shares in the company, valued at $2,494,567.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Lucchese sold 4,124 shares of Everi stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total value of $53,570.76. Following the completion of the transaction, the executive vice president now owns 588,404 shares of the company’s stock, valued at approximately $7,643,367.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,524 shares of company stock valued at $1,041,267. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everi

Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Janney Montgomery Scott LLC lifted its position in Everi by 44.5% in the first quarter. Janney Montgomery Scott LLC now owns 48,014 shares of the credit services provider’s stock worth $483,000 after purchasing an additional 14,783 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Everi in the first quarter worth approximately $1,168,000. Sei Investments Co. lifted its position in Everi by 13.7% in the first quarter. Sei Investments Co. now owns 546,745 shares of the credit services provider’s stock worth $5,495,000 after purchasing an additional 66,033 shares during the period. Vanguard Group Inc. lifted its position in Everi by 3.3% in the first quarter. Vanguard Group Inc. now owns 7,415,161 shares of the credit services provider’s stock worth $74,522,000 after purchasing an additional 236,652 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Everi by 2.2% in the first quarter. Clearbridge Investments LLC now owns 1,503,071 shares of the credit services provider’s stock worth $15,106,000 after purchasing an additional 31,684 shares during the period. 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.