Investment Analysts’ Weekly Ratings Changes for NeoGames (NGMS)


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Several brokerages have updated their recommendations and price targets on shares of NeoGames (NASDAQ: NGMS) in the last few weeks:

  • 5/1/2021 – NeoGames was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NeoGames S.A. is a technology-driven provider of end-to-end iLottery solutions for national and state-regulated lotteries. NeoGames S.A. is based in LUXEMBOURG. “
  • 4/30/2021 – NeoGames was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “NeoGames S.A. is a technology-driven provider of end-to-end iLottery solutions for national and state-regulated lotteries. NeoGames S.A. is based in LUXEMBOURG. “
  • 4/24/2021 – NeoGames was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NeoGames S.A. is a technology-driven provider of end-to-end iLottery solutions for national and state-regulated lotteries. NeoGames S.A. is based in LUXEMBOURG. “
  • 4/22/2021 – NeoGames was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “NeoGames S.A. is a technology-driven provider of end-to-end iLottery solutions for national and state-regulated lotteries. NeoGames S.A. is based in LUXEMBOURG. “
  • 4/8/2021 – NeoGames was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NeoGames S.A. is a technology-driven provider of end-to-end iLottery solutions for national and state-regulated lotteries. NeoGames S.A. is based in LUXEMBOURG. “
  • 4/3/2021 – NeoGames was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “NeoGames S.A. is a technology-driven provider of end-to-end iLottery solutions for national and state-regulated lotteries. NeoGames S.A. is based in LUXEMBOURG. “

Shares of NeoGames stock traded up $1.03 on Tuesday, hitting $49.54. 169,668 shares of the company traded hands, compared to its average volume of 149,978. The company has a 50 day moving average of $38.95. NeoGames S.A. has a 52 week low of $18.67 and a 52 week high of $50.08.

NeoGames (NASDAQ:NGMS) last posted its quarterly earnings results on Wednesday, March 10th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.13. The company had revenue of $14.01 million for the quarter, compared to the consensus estimate of $12.25 million. As a group, research analysts expect that NeoGames S.A. will post 0.27 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Oak Ridge Investments LLC bought a new position in NeoGames in the first quarter worth approximately $15,701,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in NeoGames by 13.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 256,200 shares of the company’s stock worth $9,164,000 after buying an additional 30,000 shares in the last quarter. Financial Management Professionals Inc. bought a new position in NeoGames in the first quarter worth approximately $39,000. Strs Ohio bought a new position in NeoGames in the first quarter worth approximately $46,000. Finally, Parian Global Management LP bought a new position in NeoGames in the fourth quarter worth approximately $11,049,000.

NeoGames SA provides a suite of iLottery technology solutions worldwide. The company offers a suite of technology solutions that include technology platforms, a range of value-added services, and a game studio with a portfolio of games for the offering of draw based games and instant tickets through personal computers, smartphones, and handheld devices.

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