Entain (LON:ENT) Stock Price Down 10.3% – Should You Sell?

Entain Plc (LON:ENT)’s stock price fell 10.3% during trading on Tuesday . The company traded as low as GBX 653.80 ($8.08) and last traded at GBX 665.82 ($8.23). 80,405,445 shares changed hands during mid-day trading, an increase of 1,591% from the average session volume of 4,754,597 shares. The stock had previously closed at GBX 742.20 ($9.17).

Analysts Set New Price Targets

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

Entain Stock Down 10.4 %

The firm has a market cap of £4.25 billion, a PE ratio of -1,038.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a 50-day simple moving average of GBX 715.82 and a 200-day simple moving average of GBX 700.87. The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74.

Insider Activity at Entain

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

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.