Team17 Group (LON:TM17) Shares Down 1.3% – Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.09) price objective on shares of Team17 Group in a research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 347.50 ($4.32).

Team17 Group Stock Performance

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 stock’s 50-day moving average is GBX 215.70 and its 200 day moving average is GBX 248.55. The stock has a market cap of £323.89 million, a price-to-earnings ratio of -8,416.67, a P/E/G ratio of 3.16 and a beta of 0.31.

Insider Activity at Team17 Group

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

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.