GAN (NASDAQ:GAN – Get Rating) will be releasing its earnings data after the market closes on Monday, May 16th. Analysts expect GAN to post earnings of ($0.10) per share for the quarter. GAN has set its FY 2022 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
GAN (NASDAQ:GAN – Get Rating) last issued its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). GAN had a negative return on equity of 9.82% and a negative net margin of 18.88%. The company had revenue of $30.50 million during the quarter, compared to analysts’ expectations of $35.26 million. During the same quarter last year, the business earned ($0.27) earnings per share. The business’s quarterly revenue was up 242.7% on a year-over-year basis. On average, analysts expect GAN to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of GAN opened at $4.04 on Monday. GAN has a one year low of $3.67 and a one year high of $18.48. The company has a 50-day simple moving average of $4.78 and a two-hundred day simple moving average of $7.82. The firm has a market capitalization of $170.70 million, a PE ratio of -7.09 and a beta of 1.41.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of GAN by 2.9% during the fourth quarter. BlackRock Inc. now owns 2,807,568 shares of the company’s stock valued at $25,801,000 after acquiring an additional 78,986 shares in the last quarter. State Street Corp increased its position in shares of GAN by 58.3% during the fourth quarter. State Street Corp now owns 1,160,821 shares of the company’s stock valued at $10,668,000 after acquiring an additional 427,615 shares in the last quarter. River & Mercantile Asset Management LLP increased its position in shares of GAN by 26.1% during the fourth quarter. River & Mercantile Asset Management LLP now owns 338,220 shares of the company’s stock valued at $3,106,000 after acquiring an additional 69,970 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of GAN by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,023 shares of the company’s stock valued at $2,611,000 after acquiring an additional 5,978 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of GAN by 25.7% during the third quarter. Bank of New York Mellon Corp now owns 141,982 shares of the company’s stock valued at $2,112,000 after acquiring an additional 29,049 shares in the last quarter. 49.54% of the stock is owned by institutional investors.
GAN Company Profile (Get Rating)
GAN Limited operates as a business-to-business supplier of internet gambling software-as-a-service solutions to online casino gaming and online sports betting applications in the United States, Italy, the United Kingdom and Channel Islands, and internationally. The company operates through Real Money iGaming (RMiG) and Simulated Gaming (SIM) segments.
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