NeoGames (NASDAQ:NGMS) Cut to “D+” at TheStreet

TheStreet lowered shares of NeoGames (NASDAQ:NGMSGet Rating) from a c rating to a d+ rating in a report released on Monday morning, TheStreetRatingsTable reports.

Separately, Bank of America started coverage on NeoGames in a report on Friday, November 18th. They issued an underperform rating and a $16.00 target price on the stock.

NeoGames Price Performance

Shares of NeoGames stock opened at $13.91 on Monday. NeoGames has a twelve month low of $10.69 and a twelve month high of $38.24. The stock has a market capitalization of $318.95 million, a P/E ratio of -17.61 and a beta of 1.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.43. The business’s fifty day moving average price is $15.58 and its 200 day moving average price is $15.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sunriver Management LLC lifted its stake in shares of NeoGames by 24.1% during the third quarter. Sunriver Management LLC now owns 1,860,590 shares of the company’s stock worth $24,002,000 after purchasing an additional 360,874 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of NeoGames by 6,940.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,750,983 shares of the company’s stock worth $27,018,000 after acquiring an additional 1,726,113 shares in the last quarter. Alta Fox Capital Management LLC lifted its stake in shares of NeoGames by 75.3% in the second quarter. Alta Fox Capital Management LLC now owns 1,224,314 shares of the company’s stock worth $16,418,000 after acquiring an additional 525,788 shares in the last quarter. FMR LLC lifted its stake in shares of NeoGames by 68.7% in the second quarter. FMR LLC now owns 1,210,928 shares of the company’s stock worth $16,238,000 after acquiring an additional 493,005 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of NeoGames by 3.6% in the first quarter. BlackRock Inc. now owns 679,951 shares of the company’s stock worth $10,492,000 after acquiring an additional 23,320 shares in the last quarter. Institutional investors and hedge funds own 55.18% of the company’s stock.

NeoGames Company Profile

(Get Rating)

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 draw based games and instant tickets 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.

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