Oak Ridge Investments LLC Buys Shares of 53,468 NeoGames S.A. (NASDAQ:NGMS)

Oak Ridge Investments LLC bought a new stake in shares of NeoGames S.A. (NASDAQ:NGMS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 53,468 shares of the company’s stock, valued at approximately $1,913,000. Oak Ridge Investments LLC owned about 0.24% of NeoGames at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NGMS. AWM Investment Company Inc. purchased a new position in shares of NeoGames in the fourth quarter worth $10,447,000. Federated Hermes Inc. purchased a new position in NeoGames during the 4th quarter valued at $19,945,000. Tudor Investment Corp Et Al purchased a new position in NeoGames during the 4th quarter valued at $380,000. Diametric Capital LP purchased a new position in NeoGames during the 4th quarter valued at $247,000. Finally, Stifel Financial Corp purchased a new position in NeoGames during the 4th quarter valued at $1,517,000. Institutional investors and hedge funds own 20.00% of the company’s stock.

Shares of NGMS stock opened at $66.20 on Friday. NeoGames S.A. has a 12 month low of $18.67 and a 12 month high of $73.43. The company has a market cap of $1.46 billion and a PE ratio of 169.74. The company has a current ratio of 2.41, a quick ratio of 5.64 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $48.52.

NeoGames (NASDAQ:NGMS) last announced its quarterly earnings results on Thursday, May 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $13.35 million during the quarter, compared to the consensus estimate of $12.25 million. Equities research analysts expect that NeoGames S.A. will post 0.51 earnings per share for the current year.

NGMS has been the topic of a number of research analyst reports. Truist boosted their price objective on shares of NeoGames from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, May 17th. Zacks Investment Research cut shares of NeoGames from a “buy” rating to a “hold” rating in a report on Friday, May 7th. Finally, Truist Securities boosted their target price on shares of NeoGames from $42.00 to $53.00 and gave the company a “buy” rating in a report on Monday, May 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.20.

NeoGames Profile

NeoGames SA provides a suite of iLottery technology 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.

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Institutional Ownership by Quarter for NeoGames (NASDAQ:NGMS)

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