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

30.71

Mkt cap

536M

Volume

1.7K

High

30.71

P/E Ratio

10.76

52-wk high

42.76

Low

29.59

Div yield

N/A

52-wk low

19.00

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

GDEV Inc. issued a statement clarifying that sanctions against former director and current minority shareholder Ivan Tavrin have no direct impact on the company. Tavrin, who holds 5.9% of GDEV's shares through Kismet Sponsor Limited, was added to the U.S. SDN List but does not control or influence the company. GDEV, which resumed trading on Nasdaq in March 2023 after a suspension, emphasizes its commitment to corporate governance and adherence to Nasdaq and SEC standards.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:08 pm

In Monday's pre-market session, several communication services stocks experienced significant movements. NextPlay Technologies (NXTP) saw a 50% increase, while Sea (SE) dropped by 11.8%. Other gainers included GDEV, ONFO, CRGE, BHAT, and ANGH, with increases ranging from 5.18% to 12.32%. Losers included DRCT, PARAP, WIMI, LYT, and ASST, with declines between 4.92% and 7.71%. These movements reflect changes in investor sentiment and market dynamics affecting these companies.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 1:06 pm

PDD Holdings Inc. reported a significant year-on-year revenue growth of 94% in Q3 FY23, surpassing consensus estimates, with shares surging 18.6%. Avidity Biosciences, SpringWorks Therapeutics, and other companies also saw their stocks move higher. Avidity expanded its collaboration with Bristol Myers Squibb, SpringWorks received FDA approval for Ogsiveo, and other companies experienced various positive catalysts including upgrades, inclusion in indices, and favorable analyst coverage.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 2:39 pm

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