Everplay Group (LON:EVPL) Shares Down 6.8% – Here’s What Happened

Everplay Group Plc (LON:EVPL)’s share price traded down 6.8% during mid-day trading on Wednesday . The stock traded as low as GBX 250.50 and last traded at GBX 251.75. 327,666 shares traded hands during trading, a decline of 45% from the average session volume of 593,549 shares. The stock had previously closed at GBX 270.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Berenberg Bank decreased their price objective on shares of Everplay Group from GBX 450 to GBX 370 and set a “buy” rating for the company in a research report on Thursday, March 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 455 price objective on shares of Everplay Group in a research report on Monday, March 30th. Jefferies Financial Group decreased their price objective on shares of Everplay Group from GBX 440 to GBX 380 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Everplay Group in a research report on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Everplay Group has a consensus rating of “Buy” and an average target price of GBX 435.83.

Everplay Group Trading Down 4.8%

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 business’s 50 day moving average price is GBX 256.59 and its 200-day moving average price is GBX 296.91. The firm has a market capitalization of £370.32 million, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31.

Everplay Group (LON:EVPL) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX 25.70 earnings per share (EPS) for the quarter. Everplay Group had a negative net margin of 0.18% and a negative return on equity of 0.12%. Equities analysts forecast that Everplay Group Plc will post 24.1106719 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mikkel Weider bought 21,526 shares of the stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost of GBX 234 per share, for a total transaction of £50,370.84. Insiders own 21.66% of the company’s stock.

Everplay Group Company Profile

everplay group plc is a leading global indie games label developer and publisher of premium video games and apps, with a portfolio of over 140 premium, high-quality titles across PC, console and mobile.

The Group was founded in 1990, and everplay (formerly Team17 Group plc) successfully listed on the London Stock Exchange in 2018. 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.