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

Shares of Everplay Group Plc (LON:EVPL) dropped 6.8% during trading on Wednesday . The stock traded as low as GBX 250.50 and last traded at GBX 251.75. Approximately 327,666 shares traded hands during trading, a decline of 45% from the average daily volume of 593,549 shares. The stock had previously closed at GBX 270.

Analyst Ratings Changes

EVPL has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 455 price target on shares of Everplay Group in a research report on Monday, March 30th. Shore Capital Group reaffirmed a “buy” rating on shares of Everplay Group in a research report on Tuesday, March 24th. Berenberg Bank reduced their price target on shares of Everplay Group from GBX 450 to GBX 370 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Finally, Jefferies Financial Group reduced their price target on shares of Everplay Group from GBX 440 to GBX 380 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 435.83.

Everplay Group Trading Down 4.8%

The company’s 50 day simple moving average is GBX 256.59 and its 200 day simple moving average is GBX 296.91. The firm has a market cap of £370.32 million, a price-to-earnings ratio of 13.67, a P/E/G ratio of 3.16 and a beta of 0.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28.

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

Insider Activity

In other news, insider Mikkel Weider acquired 21,526 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average cost of GBX 234 per share, with a total value of £50,370.84. Company 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.