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

Team17 Group plc (LON:TM17) shares fell 1.3% 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 Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.09) target price on shares of Team17 Group in a research report on Tuesday, September 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Team17 Group has an average rating of “Moderate Buy” and an average target price of GBX 347.50 ($4.32).

Team17 Group Price Performance

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

Insider Buying and Selling

In other Team17 Group 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 value of £6,356,057.40 ($7,895,723.48). Corporate 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.