NeoGames (NASDAQ:NGMS) Stock Rating Reaffirmed by Truist Financial

Truist Financial reiterated their hold rating on shares of NeoGames (NASDAQ:NGMS) in a report issued on Monday, Benzinga reports. They currently have a $29.50 price target on the stock.

NGMS has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered NeoGames from a buy rating to a hold rating and set a $29.50 price objective on the stock. in a research note on Thursday, August 10th. Jefferies Financial Group lowered NeoGames from a buy rating to a hold rating and set a $29.50 price objective on the stock. in a research note on Monday, August 14th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, NeoGames currently has a consensus rating of Hold and an average price target of $24.90.

NeoGames Stock Up 0.5 %

NGMS opened at $27.31 on Monday. The stock has a market capitalization of $914.39 million, a price-to-earnings ratio of -71.87, a price-to-earnings-growth ratio of 17.68 and a beta of 1.26. NeoGames has a 12 month low of $10.85 and a 12 month high of $27.77. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day moving average of $26.55 and a two-hundred day moving average of $26.27.

Hedge Funds Weigh In On NeoGames

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in NeoGames by 224.2% during the 2nd quarter. Signaturefd LLC now owns 979 shares of the company’s stock worth $26,000 after acquiring an additional 677 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in NeoGames during the 2nd quarter worth approximately $40,000. Barclays PLC lifted its position in NeoGames by 178.7% during the 4th quarter. Barclays PLC now owns 3,545 shares of the company’s stock worth $43,000 after acquiring an additional 2,273 shares in the last quarter. Point72 Middle East FZE acquired a new position in NeoGames during the 2nd quarter worth approximately $110,000. Finally, Legal & General Group Plc lifted its position in NeoGames by 227.4% during the 4th quarter. Legal & General Group Plc now owns 4,600 shares of the company’s stock worth $56,000 after acquiring an additional 3,195 shares in the last quarter.

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.