Fubotv earnings beat by $0.10, revenue topped estimates
EVRI, the stock of Global Cash Access Holdings Inc (NYSE:EVRI), has reached a new 52-week high, trading at $13.65. The company, with a market capitalization of $1.18 billion, maintains impressive gross profit margins of 80% according to InvestingPro data. This milestone reflects a significant period of growth for the company, with the stock price appreciating by nearly 31% over the past year. Investors have shown increased confidence in EVRI’s market position and future prospects, driving the stock to this new high, though InvestingPro’s Fair Value analysis suggests the stock may be slightly overvalued at current levels. The 52-week high serves as a testament to the company’s strong performance and the positive sentiment surrounding its financial health and strategic initiatives, despite trading at a relatively high P/E ratio of 88.4. For deeper insights into EVRI’s valuation and 12 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Everi Holdings has been in the spotlight due to a series of significant corporate events. The company’s Chief Financial Officer, Mark F. Labay, is set to assume the role of Chief Integration Officer at Newco, following a proposed transaction expected to close by the end of the third quarter of 2025. Everi is also in the process of a merger with International Game Technology PLC (NYSE:IGT) and other parties, a move that will see Everi and IGT’s Gaming & Digital business acquired by a new holding company owned by funds managed by affiliates of Apollo Global Management (NYSE:APO), Inc.
The proposed transaction has recently cleared a crucial regulatory hurdle, bringing it closer to completion. However, the completion of this strategic move is still subject to certain conditions, including obtaining necessary gaming and regulatory approvals. B.Riley maintained a Neutral rating on Everi, adjusting its EBITDA estimates for 2024 and 2025 to $325.4 million and $346.9 million, respectively.
Everi’s stock rating was downgraded by Stifel from Buy to Hold following the announcement of its acquisition by Apollo Global Management. Concurrently, Raymond (NSE:RYMD) James adjusted Everi’s stock rating from a ’Strong Buy’ to a ’Market Perform’ status. These are the latest developments for Everi Holdings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.