Everi Holdings Inc. (NYSE:EVRI - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $13.40 and last traded at $13.39, with a volume of 17006 shares traded. The stock had previously closed at $13.35.
A number of equities analysts have issued reports on the company. Stifel Nicolaus reiterated a "hold" rating and set a $14.25 target price (up previously from $11.00) on shares of Everi in a report on Wednesday, July 31st. Truist Financial decreased their price objective on Everi from $11.00 to $10.00 and set a "hold" rating for the company in a report on Thursday, July 18th. StockNews.com initiated coverage on Everi in a research note on Friday. They issued a "hold" rating on the stock. Raymond James reaffirmed a "market perform" rating on shares of Everi in a research note on Monday, July 29th. Finally, B. Riley boosted their price objective on shares of Everi from $11.00 to $14.25 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.50.
Read Our Latest Analysis on Everi
The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 20.54 and a beta of 2.15. The business's 50 day simple moving average is $13.13 and its 200 day simple moving average is $10.38. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94.
Everi (NYSE:EVRI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.11 earnings per share 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 firm had revenue of $191.19 million for the quarter, compared to the consensus estimate of $190.00 million. On average, research analysts expect that Everi Holdings Inc. will post 0.49 EPS for the current fiscal year.
In other news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $12.95, for a total transaction of $155,736.70. Following the completion of the sale, the executive vice president now owns 68,477 shares in the company, valued at approximately $886,777.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Kate C. Lowenhar-Fisher sold 12,026 shares of Everi stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $12.95, for a total transaction of $155,736.70. Following the completion of the sale, the executive vice president now directly owns 68,477 shares of the company's stock, valued at approximately $886,777.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $13.10, for a total value of $982,500.00. Following the completion of the sale, the executive vice president now owns 190,425 shares of the company's stock, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,417 shares of company stock valued at $1,713,281 over the last ninety days. 6.40% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its position in shares of Everi by 13.7% during the 1st 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 in the last quarter. Vista Investment Partners LLC acquired a new stake in Everi during the second quarter worth approximately $346,000. Susquehanna Fundamental Investments LLC bought a new position in Everi during the 1st quarter worth $1,168,000. Private Capital Management LLC raised its holdings in Everi by 19.8% in the 1st quarter. Private Capital Management LLC now owns 2,791,180 shares of the credit services provider's stock valued at $28,051,000 after acquiring an additional 461,939 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of Everi by 756.2% during the 2nd quarter. Quest Partners LLC now owns 73,920 shares of the credit services provider's stock valued at $621,000 after acquiring an additional 65,287 shares during the period. 95.47% of the stock is owned by institutional investors.
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 [email protected].
Before you consider Everi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Everi wasn't on the list.
While Everi currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.