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

Shares of Everi Holdings Inc. (NYSE:EVRI) saw unusually-high trading volume on Monday . Approximately 1,217,976 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 532,502 shares.The stock last traded at $13.67 and had previously closed at $13.68.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Everi in a report on Thursday, February 6th. They set a “hold” rating for the company. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Everi has a consensus rating of “Hold” and an average price target of $12.88.

Everi Price Performance

The stock has a 50 day moving average price of $13.55 and a two-hundred day moving average price of $13.31. The firm has a market cap of $1.18 billion, a PE ratio of 91.34 and a beta of 2.05. 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 Buying and Selling

In other Everi news, EVP Darren Simmons sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now directly owns 140,425 shares in the company, valued at $1,890,120.50. The trade was a 26.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $13.37, for a total value of $213,920.00. Following the sale, the director now directly owns 91,572 shares of the company’s stock, valued at $1,224,317.64. The trade was a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,476 shares of company stock valued at $3,435,636 over the last ninety days. Company insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Everi

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new position in shares of Everi in the 4th quarter valued at about $367,000. Geode Capital Management LLC grew its stake in Everi by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,882,584 shares of the credit services provider’s stock worth $25,440,000 after acquiring an additional 22,263 shares during the period. Diametric Capital LP boosted its stake in Everi by 11.3% in the 4th quarter. Diametric Capital LP now owns 97,054 shares of the credit services provider’s stock worth $1,311,000 after buying an additional 9,861 shares during the last quarter. Trans Canada Capital Inc. acquired a new position in shares of Everi in the 4th quarter valued at $253,000. Finally, Alliancebernstein L.P. increased its stake in Everi by 8.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,052,787 shares of the credit services provider’s stock worth $14,223,000 after acquiring an additional 82,964 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other 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.