In yesterday’s Wall Street session, GAN Limited (NASDAQ:GAN) shares traded at $1.87, down -7.43% from the previous session.
5 analysts cover GAN Limited (NASDAQ:GAN), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $2.00, we find $3.00. Given the previous closing price of $2.02, this indicates a potential upside of 48.51 percent. GAN stock price is now 21.57% away from the 50-day moving average and -31.53% away from the 200-day moving average. The market capitalization of the company currently stands at $86.00M.
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The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $3.50 as their price target over the next twelve months.
On August 10, 2021, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $21, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, MCGILL SEAMUS M, Director bought 5,000 shares of the company’s stock on Sep 01. The stock was bought for $12,550 at an average price of $2.51. Upon completion of the transaction, the Director now directly owns 56,161 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, President, CEO Smurfit Dermot S. sold 150,000 shares of the business’s stock. A total of $405,705 was realized by selling the stock at an average price of $2.70. This leaves the insider owning 1,699,532 shares of the company worth $3.18 million. A total of 4.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GAN stock. A new stake in GAN Limited shares was purchased by ANTARA CAPITAL LP during the first quarter worth $4,577,000. GSA CAPITAL PARTNERS LLP invested $267,000 in shares of GAN during the first quarter. In the first quarter, PARAMETRIC PORTFOLIO ASSOCIATES LLC acquired a new stake in GAN Limited valued at approximately $153,000. HBK SORCE ADVISORY LLC acquired a new stake in GAN for approximately $65,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in GAN valued at around $63,000 in the second quarter. In total, there are 124 active investors with 31.40% ownership of the company’s stock.
On Friday morning GAN Limited (NASDAQ: GAN) stock kicked off with the opening price of $2.0800. During the past 12 months, GAN Limited has had a low of $1.20 and a high of $7.40. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 2.40. The fifty day moving average price for GAN is $1.5436 and a two-hundred day moving average price translates $2.7155 for the stock.
The latest earnings results from GAN Limited (NASDAQ: GAN) was released for Jun, 2022. According to the Gambling Company, earnings per share came in at -$0.91, missing analysts’ expectations of -$0.12 by -0.79. This compares to -$0.21 EPS in the same period last year. The net profit margin was -46.20% and return on equity was -32.70% for GAN. The company reported revenue of $32.12 million for the quarter, compared to $32.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.46 percent. For the current quarter, analysts expect GAN to generate $34.51M in revenue.
GAN Limited(GAN) Company Profile
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C). It offers and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming. The company also offers online sports betting, online casino game, and peer-to-peer poker services through its coolbet.com website, as well as a range of development, marketing, and customer support services designed to deploy and provide ongoing operational support for its software systems. It serves regional operators and individual tribal casino operators. The company was incorporated in 1999 and is headquartered in Irvine, California.
