Entain (LON:ENT) Trading Down 10% – Should You Sell?

Entain Plc (LON:ENT)’s share price fell 10% on Tuesday . The stock traded as low as GBX 653.80 ($8.08) and last traded at GBX 668.20 ($8.26). 80,156,039 shares changed hands during mid-day trading, an increase of 1,589% from the average session volume of 4,745,997 shares. The stock had previously closed at GBX 742.20 ($9.17).

Analyst Upgrades and Downgrades

A number of research firms have commented on ENT. Jefferies Financial Group restated a “buy” rating and set a GBX 1,140 ($14.09) price target on shares of Entain in a research note on Monday, December 16th. Berenberg Bank reduced their price objective on Entain from GBX 1,030 ($12.73) to GBX 1,010 ($12.48) and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,079.67 ($13.34).

Entain Stock Performance

The firm has a market capitalization of £4.27 billion, a price-to-earnings ratio of -1,044.06, a PEG ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74. The firm has a 50 day moving average price of GBX 715.82 and a 200-day moving average price of GBX 700.87.

Insider Buying and Selling at Entain

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 806 ($9.96), for a total value of £34,939,148.92 ($43,177,396.09). 0.26% of the stock is owned by insiders.

Entain Company Profile

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.