Noble Capital Markets initiated coverage on GDEV Inc. with a new price target
$GDEV
EDP Services
Technology
Noble Capital Markets initiated coverage of GDEV Inc. with a rating of Outperform and set a new price target of $6.00
Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2024 | $6.00 | Outperform | Noble Capital Markets |
| 6/14/2024 | Perform | Oppenheimer | |
| 5/20/2024 | $4.40 | Overweight | Cantor Fitzgerald |
LIMASSOL, Cyprus, Sept. 02, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), released its financial and operational results for the second quarter and first half-year ended June 30, 2025. Second quarter 2025 financial highlights: Revenue of $120 million increased by 13% year-over-year.Selling and marketing expenses of $53 million increased by 11% year-over-year driven by a testing of new areas in our performance marketing.Profit for the period, net of tax, of $17 million in Q2 2025 increased vs. $15 million in Q2 2024.Adjusted EBITDA1 of $22 million increased vs. $17 million in Q2 2024.Strong cash position of $
LIMASSOL, Cyprus, Sept. 02, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced that it has increased its total ownership in its portfolio studio, Royal Ark, to 57%, through the exercise of a previously negotiated conversion option. This move marks a deepening of the strategic partnership initiated in 2022, further reinforcing GDEV's approach to empowering creative studios without compromising their autonomy. In connection with the exercise of the conversion option, GDEV and Royal Ark have entered into a new agreement superseding and replacing all prior arrangements and agreements between the partie
LIMASSOL, Cyprus, Aug. 05, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), a global gaming and entertainment company, today announced the acquisition of Light Hour Games, a privately held mobile studio based in Cyprus. Light Hour Games is a full-stack studio that builds and markets mobile casual games using AI-first workflows — enabling rapid iteration without compromising high-quality execution. Founded by industry veterans Konstantin Mitrofanov and Ilya Nikitin, the studio operates as a 15-person team with deep expertise across game development, art, and live operations. The acquisition represents a strategic partnership that will grant the Light Hour Games studio the opportunity for
Noble Capital Markets initiated coverage of GDEV Inc. with a rating of Outperform and set a new price target of $6.00
Oppenheimer initiated coverage of GDEV Inc. with a rating of Perform
Cantor Fitzgerald initiated coverage of GDEV Inc. with a rating of Overweight and set a new price target of $4.40
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 Independ
LIMASSOL, Cyprus, Oct. 30, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces changes to its Board of Directors and executive leadership team as part of its ongoing strategy to enhance operational efficiency and support its global growth ambitions. Olga Loskutova, who has served as an Independent Director on GDEV's Board since 2022, will be stepping down from her position on the Board of Directors to assume the role of Chief Operating Officer (COO) of GDEV. Olga brings with her a wealth of experience in global business and general management, positioning her to provide management, leadership, and vision
LIMASSOL, Cyprus, April 09, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces the successful launch of the iconic mobile title Pixel Gun 3D on PC platform. The game was launched on Steam April 2, entering on debut the Top 20 most sold and Top 50 most played games.The peak concurrent Steam users count reached 25,000 players on the first day of release.The Steam version of Pixel Gun 3D recouped its PC platform development costs within the first day of release, making 5 times the average daily in-app purchases of the mobile version.The results were achieved without significant marketing investments, capi
LIMASSOL, Cyprus, Aug. 05, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), a global gaming and entertainment company, today announced the acquisition of Light Hour Games, a privately held mobile studio based in Cyprus. Light Hour Games is a full-stack studio that builds and markets mobile casual games using AI-first workflows — enabling rapid iteration without compromising high-quality execution. Founded by industry veterans Konstantin Mitrofanov and Ilya Nikitin, the studio operates as a 15-person team with deep expertise across game development, art, and live operations. The acquisition represents a strategic partnership that will grant the Light Hour Games studio the opportunity for
LIMASSOL, Cyprus, May 16, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its financial and operational results for the first quarter ended March 31, 2025. First quarter 2025 financial highlights: Revenue of $97 million declined by 9% year-over-year.Selling and marketing expenses of $42 million declined by 33% year-over-year driven by a shift in our user acquisition strategy to focus on a higher margin audience.Game operation cost remained relatively stable at the level of $14 million vs. $13 million in Q1 2024.Profit for the period, net of tax, of $14 million in Q1 2025 increased vs. loss of $5 mi
LIMASSOL, Cyprus, March 31, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), released its financial and operational results for the fourth quarter and full year ended December 31, 2024. Fourth quarter 2024 financial highlights: Revenue of $98 million declined by 12% quarter-over-quarter and 11% year-over-year.Selling and marketing expenses of $47 million declined by 14% year-over-year driven by a shift in our user acquisition strategy to focus on higher margin audience.We continue to adhere to our disciplined approach towards costs: game operation cost declined by 5% year-over-year, enhancing our op
SC 13G/A - GDEV Inc. (0001848739) (Subject)
SC 13G - Nexters Inc. (0001848739) (Subject)
SC 13G - Nexters Inc. (0001848739) (Subject)