NeoGames S.A. (NASDAQ:NGMS) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of NeoGames S.A. (NASDAQ:NGMS) have received an average rating of “Reduce” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.00.

Several equities analysts have commented on NGMS shares. Jefferies Financial Group downgraded NeoGames from a “buy” rating to a “hold” rating and set a $29.50 price target on the stock. in a report on Monday, August 14th. Deutsche Bank Aktiengesellschaft downgraded NeoGames from a “buy” rating to a “hold” rating and set a $29.50 price target on the stock. in a report on Thursday, August 10th.

Institutional Investors Weigh In On NeoGames

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in NeoGames by 224.2% during the second quarter. Signaturefd LLC now owns 979 shares of the company’s stock worth $26,000 after buying an additional 677 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in NeoGames during the second quarter worth $40,000. Barclays PLC boosted its stake in NeoGames by 178.7% during the fourth quarter. Barclays PLC now owns 3,545 shares of the company’s stock worth $43,000 after buying an additional 2,273 shares in the last quarter. Legal & General Group Plc boosted its stake in NeoGames by 227.4% during the fourth quarter. Legal & General Group Plc now owns 4,600 shares of the company’s stock worth $56,000 after buying an additional 3,195 shares in the last quarter. Finally, American International Group Inc. boosted its stake in NeoGames by 19.8% during the second quarter. American International Group Inc. now owns 6,153 shares of the company’s stock worth $83,000 after buying an additional 1,018 shares in the last quarter.

NeoGames Price Performance

Shares of NGMS opened at $26.29 on Wednesday. The firm has a market cap of $880.19 million, a PE ratio of -64.12, a PEG ratio of 4.30 and a beta of 1.26. The firm’s 50 day moving average price is $26.62 and its 200 day moving average price is $25.39. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.09. NeoGames has a twelve month low of $10.85 and a twelve month high of $27.77.

About NeoGames

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.