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PointsBet Holdings ( (AU:PBH) ) just unveiled an update.
PointsBet Holdings Limited has announced that Penn Interactive Ventures, LLC and its associates have ceased to be substantial holders in the company. This change occurred following the sale of all ordinary shares held by Penn in PointsBet to Betr Entertainment Limited for an aggregate cash consideration of A$18,710,040.80, affecting 17,009,128 fully paid ordinary shares. This transaction marks a significant shift in the ownership structure of PointsBet, potentially impacting its strategic direction and stakeholder interests.
The most recent analyst rating on (AU:PBH) stock is a Buy with a A$0.83 price target. To see the full list of analyst forecasts on PointsBet Holdings stock, see the AU:PBH Stock Forecast page.
More about PointsBet Holdings
Average Trading Volume: 1,530,702
Technical Sentiment Signal: Buy
Current Market Cap: A$361.6M
For detailed information about PBH stock, go to TipRanks’ Stock Analysis page.