GAN Limited (NASDAQ:GAN) Director Michael Jr. Smurfit sold 3,655 shares of the company’s stock in a transaction dated Monday, June 14th. The stock was sold at an average price of $17.58, for a total value of $64,254.90. Following the completion of the transaction, the director now owns 290,739 shares in the company, valued at $5,111,191.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Michael Jr. Smurfit also recently made the following trade(s):
- On Friday, June 11th, Michael Jr. Smurfit sold 3,500 shares of GAN stock. The stock was sold at an average price of $17.60, for a total value of $61,600.00.
GAN stock opened at $18.04 on Friday. GAN Limited has a twelve month low of $13.78 and a twelve month high of $31.81. The company has a market cap of $757.84 million and a price-to-earnings ratio of -21.22. The company’s 50 day moving average is $17.40.
GAN (NASDAQ:GAN) last issued its earnings results on Sunday, May 16th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09). GAN had a negative net margin of 46.37% and a negative return on equity of 12.65%. The business had revenue of $27.84 million for the quarter, compared to analysts’ expectations of $24.81 million. The company’s revenue for the quarter was up 263.0% on a year-over-year basis. Research analysts predict that GAN Limited will post -0.46 EPS for the current year.
Several equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating on shares of GAN in a report on Monday, May 24th. Zacks Investment Research cut GAN from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 26th. Finally, Craig Hallum reaffirmed a “hold” rating and set a $20.00 price target (down previously from $28.00) on shares of GAN in a research report on Thursday, April 1st.
A number of institutional investors and hedge funds have recently modified their holdings of GAN. American International Group Inc. lifted its position in GAN by 33.2% during the first quarter. American International Group Inc. now owns 18,649 shares of the company’s stock valued at $339,000 after purchasing an additional 4,643 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in GAN during the fourth quarter valued at $289,000. Acadian Asset Management LLC lifted its position in GAN by 1,985.3% during the first quarter. Acadian Asset Management LLC now owns 171,723 shares of the company’s stock valued at $3,125,000 after purchasing an additional 163,488 shares in the last quarter. EMC Capital Management lifted its position in GAN by 67.2% during the first quarter. EMC Capital Management now owns 47,381 shares of the company’s stock valued at $862,000 after purchasing an additional 19,042 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in GAN during the fourth quarter valued at $2,151,000. Institutional investors and hedge funds own 42.54% of the company’s stock.
GAN Company Profile
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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