Team17 Group (LON:TM17) Trading Down 1.3% – Should You Sell?

Posted by Martin Roberts on Jan 5th, 2025

Shares of Team17 Group plc (LON:TM17 – Get Free Report) dropped 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 were traded 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).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 ($6.09) price target 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 347.50 ($4.32).

View Our Latest Stock Report on TM17

Team17 Group Price 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 firm has a market capitalization of £323.89 million, a price-to-earnings ratio of -8,416.67, a PEG ratio of 3.16 and a beta of 0.31. The stock has a 50 day moving average price of GBX 215.70 and a two-hundred day moving average price of GBX 248.55.

Insider Buying and Selling

In other Team17 Group news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the stock in a transaction that occurred 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). 28.15% of the stock is owned by insiders.

Team17 Group Company Profile

(Get Free Report)

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.