Everi (NYSE:EVRI) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Everi Holdings Inc. (NYSE:EVRI) saw an uptick in trading volume on Monday . 1,217,976 shares were traded during 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.

Wall Street Analysts Forecast Growth

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

Everi Trading Up 0.2 %

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 91.34 and a beta of 2.05. The business’s 50 day moving average price is $13.55 and its 200-day moving average price is $13.31. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.97 and a current ratio of 1.06.

Insider Activity at Everi

In related news, EVP Darren Simmons sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $13.46, for a total value of $673,000.00. Following the transaction, the executive vice president now owns 140,425 shares in the company, valued at approximately $1,890,120.50. This represents a 26.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 16,000 shares of the business’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 completion of the sale, the director now directly owns 91,572 shares of the company’s stock, valued at $1,224,317.64. This represents a 14.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,476 shares of company stock worth $3,435,636 in the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Everi

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Everi by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,857,966 shares of the credit services provider’s stock worth $65,631,000 after acquiring an additional 47,844 shares during the period. Glazer Capital LLC bought a new position in shares of Everi in the third quarter valued at $33,507,000. Alpine Associates Management Inc. bought a new stake in Everi in the third quarter valued at approximately $24,815,000. Geode Capital Management LLC lifted its stake in shares of Everi by 1.2% during 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 buying an additional 22,263 shares during the last quarter. Finally, Highbridge Capital Management LLC grew its holdings in Everi by 147.8% in the 4th quarter. Highbridge Capital Management LLC now owns 1,392,408 shares of the credit services provider’s stock valued at $18,811,000 after buying an additional 830,470 shares in 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.