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EVRI, also known as Global Cash Access Holdings Inc (NYSE:EVRI), has reached a new 52-week high, with its stock price soaring to $14.11. The company, with a market capitalization of $1.22 billion, maintains impressive gross profit margins of 78.74% and generated $291.27 million in EBITDA over the last twelve months. This milestone reflects a significant period of growth for the company, which has seen its stock value climb by an impressive 89.37% over the past year. According to InvestingPro analysis, EVRI currently appears undervalued based on its Fair Value assessment. Investors have shown increased confidence in EVRI’s market position and future prospects, contributing to the stock’s strong performance and heightened trading activity as it hits this new high-water mark. InvestingPro has identified 12 additional investment tips for EVRI, available to subscribers along with comprehensive financial analysis and the detailed Pro Research Report.
In other recent news, Everi Holdings Inc. has disclosed its preliminary financial results for the first quarter ending March 31, 2025. The company is currently involved in a significant transaction with International Game Technology (NYSE:IGT) PLC’s Gaming & Digital business, set to be acquired by a new holding company backed by Apollo Global Management (NYSE:APO), Inc. In leadership developments, Everi has reappointed Michael D. Rumbolz as Executive Chair of the Board, effective April 1, 2025, with his compensation package including both cash and equity components. This leadership decision comes as the company navigates the ongoing merger.
Meanwhile, Stifel analysts have maintained their Hold rating on Everi Holdings, keeping a price target of $14.25. The analysts adjusted their financial model following the company’s recent 10-K filing, with the forecasted Adjusted EBITDA for 2025 and 2026 remaining largely unchanged. Stifel’s analysis indicates limited risks associated with the completion of Everi’s acquisition by Apollo, which is expected to close in the third quarter of 2025. Investors are advised to review these developments as they consider Everi Holdings’ stock performance and strategic moves.
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