Latest news with #GDEV
Yahoo
2 days ago
- Business
- Yahoo
Are Consumer Discretionary Stocks Lagging GDEV Inc. (GDEV) This Year?
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. GDEV Inc. (GDEV) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. GDEV Inc. is one of 255 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GDEV Inc. is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for GDEV's full-year earnings has moved 21.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the latest available data, GDEV has gained about 14% so far this year. In comparison, Consumer Discretionary companies have returned an average of 5.9%. This means that GDEV Inc. is outperforming the sector as a whole this year. Another stock in the Consumer Discretionary sector, Laureate Education (LAUR), has outperformed the sector so far this year. The stock's year-to-date return is 19.9%. The consensus estimate for Laureate Education's current year EPS has increased 6% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, GDEV Inc. belongs to the Gaming industry, a group that includes 42 individual stocks and currently sits at #133 in the Zacks Industry Rank. On average, this group has gained an average of 4.7% so far this year, meaning that GDEV is performing better in terms of year-to-date returns. Laureate Education, however, belongs to the Schools industry. Currently, this 17-stock industry is ranked #17. The industry has moved +5.8% so far this year. GDEV Inc. and Laureate Education could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GDEV Inc. (GDEV) : Free Stock Analysis Report Laureate Education (LAUR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21-02-2025
- Business
- Associated Press
GDEV Declares One-Time, Nonrecurring Special Cash Dividend of $3.31 Per Share
LIMASSOL, Cyprus, Feb. 21, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (Nasdaq: GDEV), an international gaming and entertainment company ('GDEV' or the 'Company'), today announced that its Board of Directors has authorized and approved a one-time, nonrecurring special cash dividend of $3.31 per share, representing a yield of approximately 20% based on the volume-weighted average price of the Company's shares for the last 30 trading days prior to today's announcement. The special dividend is payable on March 11, 2025, to the Company's shareholders of record as of the close of business on March 3, 2025. This one-time special dividend, totaling approximately $60 million, will be funded from GDEV's accumulated profits over the past few years and represents a portion of the Company's total cash balance of approximately $153 million1 (as of Q3 2024). The Company expects to release its audited results for the 2024 financial year around the end of the first quarter of 2025. By distributing a portion of its retained earnings, GDEV better optimizes its capital structure, reducing excess liquidity and providing for a more lean and efficient operating model. This decision reflects the Company's commitment to disciplined capital allocation and long-term value creation. The Board's confidence in GDEV's financial strength underscores its proactive approach to maintaining an optimal balance between stability and growth in the volatile environment. Importantly, this special dividend is a one-time distribution and does not establish a recurring dividend program. It is not anticipated that the GDEV's Board of Directors will declare any further dividends in the foreseeable future. GDEV Founder, CEO, and Chairman of the Board of Directors, Andrey Fadeev, stated: 'The special dividend is the first in the Company's history since our public listing. The decision to declare a special dividend underscores our commitment to delivering value to our shareholders while maintaining a strong financial position. Our robust balance sheet enables us to return capital to shareholders without compromising our ability to invest in the Company's long-term growth. Following this distribution, GDEV will remain debt-free with a substantial cash balance providing financial stability and the continued development of both our existing portfolio and future initiatives.' About GDEV Inc. GDEV is a gaming and entertainment holding company, focused on development and growth of its franchise portfolio across various genres and platforms. With a diverse range of subsidiaries including Nexters and Cubic Games, among others, GDEV strives to create games that will inspire and engage millions of players for years to come. Its franchises, such as Hero Wars, Island Hoppers, Pixel Gun 3D and others have accumulated over 550 million installs and $2.5 billion of bookings worldwide. For more information, please visit Contacts: Investor Relations Roman Safiyulin | Chief Corporate Development Officer Cautionary statement regarding forward-looking statements Certain statements in this press release may constitute 'forward-looking statements' for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The forward-looking statements contained in this press release are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that the Company has anticipated. Forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company's control) or other assumptions. You should carefully consider the risks and uncertainties described in the 'Risk Factors' section of the Company's 2023 Annual Report on Form 20-F, filed by the Company on April 29, 2024, and other documents filed by the Company from time to time with the SEC. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. _______________________ 1 Including the investments into high quality liquid securities.
Yahoo
13-02-2025
- Business
- Yahoo
GDEV Aligns Leadership as Founder and CEO Andrey Fadeev Appointed Chairperson of the Board
LIMASSOL, Cyprus, Feb. 13, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ('GDEV' or the 'Company'), today announced the appointment of Andrey Fadeev, GDEV's founder and CEO and a member of the Company's Board of Directors (the 'Board'), as Chairperson of the Board, effective immediately. This appointment represents a strategic evolution in the Company's leadership structure, designed to strengthen the alignment between strategic oversight and operational execution. As part of this planned transition, Natasha Braginsky Mounier, an independent non-executive director and chairperson of the Board will step down from her position as Independent Chairperson and depart from the Board. Ms. Braginsky Mounier will receive a severance payment from the Company, compensating her for her services as Chairperson and director of the Board for the term beginning with the last annual general meeting of the Company's shareholders. The Board will maintain its independent majority, with three out of five directors continuing to serve as independent members, continuing to adhere to best practices for corporate governance and oversight of the Company's operations. Ms. Braginsky Mounier's membership positions on the GDEV Board's Committees will, by resolution of the Board, be reassigned among its current independent members: Tal Shoham, who is able to read and understand fundamental financial statements in accordance with Nasdaq audit committee requirements, will take her place on the Audit Committee, while Marie Holive will join the Nomination and Compensation Committee. "This is an exciting new chapter for GDEV as we continue to execute on our strategic vision and drive growth across our portfolio of studios," said Andrey Fadeev, CEO, founder and newly appointed Chairperson of GDEV. "By aligning Board leadership more closely with our operational expertise, we are well-positioned to accelerate decision-making and capitalize on market opportunities while maintaining the highest standards of corporate governance." Mr. Fadeev continued: "On behalf of the Board of Directors and management team of GDEV, I would like to express our deep appreciation to Ms. Braginsky Mounier for her exemplary leadership and invaluable contributions during her tenure as Independent Chairperson. Under her guidance, GDEV has significantly strengthened its corporate governance framework, enhanced board effectiveness, and established robust oversight practices that will continue to benefit the Company for years to come. Ms. Braginsky Mounier's dedication to promoting transparency and accountability has helped create a strong foundation for GDEV's next phase of growth." The Company remains committed to maintaining open and transparent communication with its stakeholders, as the Board continues to prioritize long-term, sustainable growth while upholding the highest standards of corporate governance and oversight. About GDEVGDEV is a gaming and entertainment holding company, focused on development and growth of its franchise portfolio across various genres and platforms. With a diverse range of subsidiaries including Nexters and Cubic Games, among others, GDEV strives to create games that will inspire and engage millions of players for years to come. Its franchises, such as Hero Wars, Island Hoppers, Pixel Gun 3D and others have accumulated over 550 million installs and $2.5 bln of bookings worldwide. For more information, please visit Contacts:Investor RelationsRoman Safiyulin | Chief Corporate Development Officerinvestor@ CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements in this press release may constitute 'forward-looking statements' for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The forward-looking statements contained in this press release are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that the Company has anticipated. Forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company's control) or other assumptions. You should carefully consider the risks and uncertainties described in the 'Risk Factors' section of the Company's 2023 Annual Report on Form 20-F, filed by the Company on April 29, 2024, and other documents filed by the Company from time to time with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
