GAN Limited (NASDAQ:GAN) EVP Jeffrey Bruce Berman sold 30,000 shares of the company’s stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $22.01, for a total transaction of $660,300.00. Following the completion of the sale, the executive vice president now directly owns 349 shares of the company’s stock, valued at $7,681.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeffrey Bruce Berman also recently made the following trade(s):

  • On Friday, January 8th, Jeffrey Bruce Berman sold 349 shares of GAN stock. The stock was sold at an average price of $22.64, for a total transaction of $7,901.36.

Shares of GAN stock opened at $23.01 on Thursday. GAN Limited has a one year low of $10.60 and a one year high of $28.95. The company has a 50-day simple moving average of $19.28 and a two-hundred day simple moving average of $17.14.

GAN (NASDAQ:GAN) last posted its quarterly earnings data on Sunday, November 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.16). GAN had a negative net margin of 24.35% and a positive return on equity of 0.61%. The company had revenue of $10.27 million for the quarter, compared to analyst estimates of $10.33 million. On average, sell-side analysts anticipate that GAN Limited will post -0.08 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of GAN. Wasatch Advisors Inc. acquired a new position in shares of GAN during the third quarter valued at about $6,511,000. Cowen Prime Services LLC acquired a new position in GAN in the 3rd quarter worth approximately $5,388,000. SG Americas Securities LLC increased its holdings in GAN by 1,774.6% in the 3rd quarter. SG Americas Securities LLC now owns 95,099 shares of the company’s stock worth $1,607,000 after buying an additional 90,026 shares during the period. AWM Investment Company Inc. increased its holdings in GAN by 27.2% in the 3rd quarter. AWM Investment Company Inc. now owns 323,180 shares of the company’s stock worth $5,462,000 after buying an additional 69,026 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in GAN by 33.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 257,292 shares of the company’s stock worth $4,348,000 after buying an additional 64,666 shares during the period. Hedge funds and other institutional investors own 26.79% of the company’s stock.

A number of research firms recently weighed in on GAN. B. Riley reaffirmed a “buy” rating and issued a $27.00 price objective (down from $28.50) on shares of GAN in a research note on Tuesday, November 17th. Zacks Investment Research downgraded shares of GAN from a “hold” rating to a “sell” rating in a report on Thursday, November 19th. BidaskClub upgraded shares of GAN from a “sell” rating to a “hold” rating in a report on Thursday, December 17th. Finally, Northland Securities reiterated a “buy” rating and issued a $30.00 target price on shares of GAN in a report on Monday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $26.20.

About GAN

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. It offers and licenses GameSTACK, a proprietary internet gambling enterprise software system as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming, and virtual simulated gaming.

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