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Devolver Digital, Inc. ( (GB:DEVO) ) has issued an announcement.
Devolver Digital, Inc. has announced the granting of awards under its 2022 Long Term Incentive Plan, involving 7,081,612 shares of common stock. These awards aim to incentivize employees across all levels by linking performance to shareholder value. The Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) are subject to specific financial targets and vesting conditions, with the total dilution from these awards and existing share options amounting to 12.7% of the company’s issued share capital. This move is expected to align employee performance with the company’s growth objectives, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (GB:DEVO) stock is a Hold with a £26.00 price target. To see the full list of analyst forecasts on Devolver Digital, Inc. stock, see the GB:DEVO Stock Forecast page.
Spark’s Take on GB:DEVO Stock
According to Spark, TipRanks’ AI Analyst, GB:DEVO is a Neutral.
Devolver Digital’s overall stock score is influenced primarily by its stable financial health and positive corporate events. However, the bearish technical indicators and negative valuation metrics weigh down the score. The company’s strategic initiatives and strong equity position are positive signs, but profitability challenges and market sentiment remain concerns.
To see Spark’s full report on GB:DEVO stock, click here.
More about Devolver Digital, Inc.
Devolver Digital, Inc. is an award-winning video games publisher specializing in the indie games sector. The company focuses on premium games and boasts a portfolio of over 130 published titles, with more than 30 additional titles in development. Devolver operates in-house studios for first-party IP titles and maintains a complementary publishing brand. The company is registered in Wilmington, Delaware, USA.
Average Trading Volume: 100,481
Technical Sentiment Signal: Buy
Current Market Cap: £118.6M
For a thorough assessment of DEVO stock, go to TipRanks’ Stock Analysis page.