Team17 Group (LON:TM17) Trading Up 14.6% - Still a Buy?

Shares of Team17 Group plc (LON:TM17 - Get Free Report) traded up 14.6% during mid-day trading on Thursday . The stock traded as high as GBX 275.15 ($3.39) and last traded at GBX 275.15 ($3.39). 207,560 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 187,850 shares. The stock had previously closed at GBX 240 ($2.95).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating on shares of Team17 Group in a research note on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 347.50 ($4.28).

Team17 Group Stock Performance

The company has a current ratio of 2.80, a quick ratio of 2.28 and a debt-to-equity ratio of 1.27. The stock's fifty day simple moving average is GBX 215.10 and its 200 day simple moving average is GBX 244.28. The company has a market cap of £388.67 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 Buying and Selling

In other Team17 Group 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 ($2.59), for a total value of £6,356,057.40 ($7,824,765.97). 28.15% of the stock is currently 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.