Everi (NYSE:EVRI) Sees Strong Trading Volume – What’s Next?

Everi Holdings Inc. (NYSE:EVRI) saw an uptick in trading volume on Friday . 518,472 shares changed hands during trading, an increase of 41% from the previous session’s volume of 366,781 shares.The stock last traded at $13.52 and had previously closed at $13.52.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Everi in a research report on Saturday, December 28th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.88.

Everi Stock Performance

The business’s fifty day moving average is $13.43 and its 200-day moving average is $12.26. 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 $1.17 billion, a PE ratio of 90.14 and a beta of 2.07.

Insider Activity at Everi

In other Everi news, Director Geoffrey P. Judge sold 4,000 shares of Everi stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $13.50, for a total transaction of $54,000.00. Following the transaction, the director now owns 91,572 shares of the company’s stock, valued at $1,236,222. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark F. Labay sold 50,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $13.38, for a total transaction of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares in the company, valued at $1,905,659.88. The trade was a 25.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,476 shares of company stock worth $3,435,636. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Everi

A number of hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its stake in 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 in the last quarter. Franklin Resources Inc. grew its position in shares of Everi by 6.6% during the third quarter. Franklin Resources Inc. now owns 41,542 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 2,564 shares in the last quarter. Quarry LP increased its holdings in shares of Everi by 38.9% in the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock worth $86,000 after purchasing an additional 2,864 shares during the last quarter. Signaturefd LLC lifted its position in shares of Everi by 2,428.6% in the second quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,060 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Everi by 3.7% during the second quarter. Rhumbline Advisers now owns 125,137 shares of the credit services provider’s stock valued at $1,051,000 after buying an additional 4,486 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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.