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Devolver Digital, Inc. ( (GB:DEVO) ) has issued an update.
Devolver Digital has transferred 970,885 common shares held in treasury to satisfy Restricted Stock Unit awards granted to certain employees under its 2022 Long Term Incentive Plan, covering grants made in 2023 and 2024. Following this transfer, the company’s issued and outstanding share capital stands at 475,471,127 shares, excluding 27,946,940 shares remaining in treasury, clarifying the denominator shareholders should use for regulatory disclosure thresholds and signaling ongoing use of equity-based compensation to retain and incentivize staff.
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 publisher and developer focused on independent (“indie”) video games, offering a balanced portfolio of third‑party and owned intellectual property. The company emphasizes premium titles, has published more than 130 games, and has a pipeline of over 30 additional releases planned over the next few years, supported by in-house studios and a complementary publishing brand from its base in Wilmington, Delaware, USA.
Average Trading Volume: 97,930
Technical Sentiment Signal: Sell
Current Market Cap: £116.3M
See more data about DEVO stock on TipRanks’ Stock Analysis page.