Sumo Group PLC (LON:SUMO) Insider Sells £975,000 in Stock

Sumo Group PLC (LON:SUMO) insider Carl Cavers sold 500,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of GBX 195 ($2.57), for a total value of £975,000 ($1,282,557.22).

Shares of SUMO opened at GBX 197 ($2.59) on Wednesday. The firm has a fifty day simple moving average of GBX 173.84 and a two-hundred day simple moving average of GBX 163.08. The firm has a market cap of $292.76 million and a PE ratio of 123.13. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 10.59. Sumo Group PLC has a 1-year low of GBX 118 ($1.55) and a 1-year high of GBX 202.80 ($2.67).

Several equities analysts have issued reports on the stock. Liberum Capital restated a “hold” rating on shares of Sumo Group in a research note on Thursday, September 26th. Shore Capital lowered shares of Sumo Group to a “hold” rating in a research note on Thursday, September 26th. Peel Hunt reiterated a “buy” rating on shares of Sumo Group in a research note on Wednesday. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 190 ($2.50) price objective on shares of Sumo Group in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 178.80 ($2.35).

About Sumo Group

Sumo Group Plc, together with its subsidiaries, develops and provides video games in the United Kingdom. The company develops games across a range of console platforms, PC, handheld, and mobile devices. It also offers services to entertainment industry, including games, TV, and film. The company was founded in 2003 and is headquartered in Sheffield, the United Kingdom.

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