Team17 Group (LON:TM17) Shares Down 1.3% – What’s Next?

Shares of Team17 Group plc (LON:TM17) traded down 1.3% during mid-day trading on Friday . The company traded as low as GBX 220 ($2.73) and last traded at GBX 225 ($2.80). 100,685 shares traded hands during trading, a decline of 3% from the average session volume of 103,460 shares. The stock had previously closed at GBX 228 ($2.83).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 490 ($6.09) price objective on shares of Team17 Group in a report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 347.50 ($4.32).

Team17 Group Stock Down 1.3 %

The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28. The business’s 50 day moving average price is GBX 215.70 and its 200 day moving average price is GBX 248.70. The firm has a market cap of £323.89 million, a PE ratio of -8,416.67, a PEG ratio of 3.16 and a beta of 0.31.

Insiders Place Their Bets

In other news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of GBX 210 ($2.61), for a total transaction of £6,356,057.40 ($7,895,723.48). 28.15% of the stock is owned by company insiders.

About Team17 Group

Team17 Group is a leading global indie games label developer and publisher of premium video games and apps.

The Group was founded in 1990, and Team17’s Games Label successfully launched in 2014. Subsequently, the Group has completed the business acquisitions of StoryToys in 2021, astragon and The Label in 2022, and Independent Arts Software GmbH by astragon in 2023, along with the IP acquisitions of two key titles: Golf With Your Friends and Hell Let Loose.

Today, the Company employs over 350 people across 8 locations in 5 countries, and operates across three divisions – Team17 Games Label, StoryToys and astragon.

The business generates 73% of sales from its back catalogue, with 35% of sales come from its owned first-party IP.