Team17 Group (LON:TM17) Shares Down 1.3% - What's Next?

Team17 Group plc (LON:TM17 - Get Free Report)'s stock price was down 1.3% during 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 changed hands during 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 Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 490 ($6.09) target price on shares of Team17 Group in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Team17 Group presently has a consensus 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 quick ratio of 2.28 and a current ratio of 2.80. The company has a market capitalization of £323.89 million, a PE ratio of -8,416.67, a PEG ratio of 3.16 and a beta of 0.31. The company has a 50 day moving average price of GBX 215.70 and a 200 day moving average price of GBX 248.55.

Insiders Place Their Bets

In other Team17 Group news, insider Deborah Jayne Bestwick sold 3,026,694 shares of Team17 Group stock in a transaction on Thursday, November 7th. The stock was 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 currently owned by corporate 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.