Entain (LON:ENT) Shares Down 10.1% – Time to Sell?

Entain Plc (LON:ENT)’s stock price traded down 10.1% on Tuesday . The company traded as low as GBX 653.80 ($8.14) and last traded at GBX 667.36 ($8.31). 79,797,102 shares changed hands during mid-day trading, an increase of 1,586% from the average session volume of 4,733,620 shares. The stock had previously closed at GBX 742.20 ($9.24).

Wall Street Analyst Weigh In

ENT has been the subject of a number of research reports. Berenberg Bank decreased their target price on shares of Entain from GBX 1,030 ($12.82) to GBX 1,010 ($12.57) and set a “neutral” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,140 ($14.19) price objective on shares of Entain in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,079.67 ($13.44).

Entain Stock Performance

The firm’s 50 day moving average is GBX 710.72 and its 200-day moving average is GBX 701.23. The stock has a market capitalization of £4.55 billion, a price-to-earnings ratio of -1,111.56, a PEG ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a quick ratio of 0.74 and a current ratio of 0.67.

Insiders Place Their Bets

In other news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 806 ($10.03), for a total transaction of £34,939,148.92 ($43,489,107.44). Insiders own 0.26% of the company’s stock.

About Entain

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino.