Streetbeat News

GDEV

GDEV Inc.

Industry

Electronic Gaming & Multimedia

GDEV Inc. operates as a gaming and entertainment company in the United States, Europe, Asia, and internationally. It develops desktop, mobile, web, and social games. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded in 2010 and is headquartered in Limassol, Cyprus.

Open

26.06

Mkt cap

472M

Volume

2.1K

High

26.06

P/E Ratio

10.64

52-wk high

42.76

Low

26.06

Div yield

N/A

52-wk low

19.00

Trading for GDEV was halted at 7:50:00 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released, which could impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:50 pm

GDEV has announced a 1-for-10 reverse share split, which will consolidate every 10 shares into one. This move is often used to increase the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:00 pm

Noble Capital Markets has initiated coverage on GDEV with an Outperform rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:37 pm

Oppenheimer analyst Martin Yang has initiated coverage on GDEV (NASDAQ:GDEV) with a Perform rating.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:55 pm

GDEV shares are trading lower following the company's report of a year-over-year decrease in Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:51 pm

GDEV (NASDAQ:GDEV) reported $107.00 million in sales for Q1, a 10.08% decrease from $119.00 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:01 pm

In Friday's intraday session, several Communication Services stocks experienced significant movements. ATN International (ATNI) led the gainers with a 27.8% increase following its Q4 earnings report. Other notable gainers included Nextdoor Holdings (KIND), GDEV, Chicken Soup for the Soul (CSSEP), Gaxos.AI (GXAI), and MoneyHero (MNY). On the losing side, Pop Culture Gr (CPOP) and Treasure Global (TGL) saw the largest declines, while Gray Television (GTN) also dropped significantly after its Q4 earnings release. Sound Group (SOGP) and FaZe Hldgs (FAZE) were among other notable losers.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:31 pm

In Wednesday's pre-market session, several communication services stocks experienced significant movements. VS Media Holdings, FaZe Hldgs, Gaxos.AI, GDEV, Netflix, and Lizhi were among the gainers, with Netflix notably rising 8.49% after its Q4 earnings release. Conversely, Gamer Pakistan, Treasure Global, Cineverse, NextPlay Technologies, AT&T, and PSQ Holdings were the losers, with AT&T dropping 4.02% following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:06 pm

GDEV has completed its self-tender offer, purchasing 16,554,256 shares at $2.00 each, totaling approximately $33.1 million. This represents about 8.4% of its outstanding shares as of December 19, 2023. Post-transaction, GDEV will have around 181 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:20 pm

GDEV has initiated a self-tender offer to buy back 15 to 20 million of its ordinary shares at a price of $2.00 each. This move could indicate the company's confidence in its value or a strategy to boost its share price.

Portfolio Pulse from Charles Gross

December 19, 2023 | 11:10 am

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