Penn National Gaming Inc. (PENN) Insider Activity Report: Who’s Selling?

Penn National Gaming Inc. (NASDAQ:PENN) saw a downside of -3.68% on Monday at $75.74 after subtracting -$2.89. The 5-day average trading volume is 4,136,017 shares of the company’s common stock. It has gained $78.94 in the past week and touched a new high 2 times within the past 5 days. An average of 4,631,014 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,694,333.

PENN’s 1-month performance is -3.70% or -$5.41 on its low of $70.08 reached on 09/21/21. The company’s shares have touched a 52-week low of $52.09 and high of $142.00, with the stock’s rally to the 52-week high happening on 03/15/21. YTD, PENN has lost -8.96% or -$10.13 and has reached a new high 19 times. However, the current price is down -46.66%% from the 52-week high price.

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Insider Transactions

On Sep 13, 21 days have gone by since the last insider trading activity for Penn National Gaming Inc. (PENN). Snowden Jay A (President and CEO) most recently sold 14,900 shares at $80.46 per share on Sep 13. This transaction cost the insider $1,198,854. President and CEO, Snowden Jay A, sold 71,540 shares at a price of $140.61 on Mar 15. Then, on Feb 08, Director Reibstein Saul sold 10,000 shares at a price of $124.98 per share. This transaction amounted to $1,249,806.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 103.46 and a low of 2.627. PENN stock has a beta of 2.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.28 while the price-to-book (PB) in the most recent quarter is 4.18, with the price to cash flow ratio at 13.42.

Penn National Gaming Inc.’s quick ratio for the period ended June 29 was 2.70, with the current ratio over the same period at 2.70 meaning that PENN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.23, while the total debt to equity was 2.28. In terms of profitability, the gross margin trailing 12 months is 50.70%The trailing 12-month EBITDA margin is 19.59% while for the period ending June 29; Penn National Gaming Inc.’s operating margin was 18.30%. The firm’s gross profit as reported stood at $1.71 billion against revenue of $3.58 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PENN to announce $0.92 per share in earnings in its latest quarter, but it posted $1.17, representing a 27.20% surprise. EBITDA for the quarter stood at more than $465.3 million. PENN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.12 billion, with total debt at $11.15 billion. Shareholders hold equity totaling $156.79 million

Technical Picture

Let’s look briefly at Penn National Gaming Inc. (PENN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 51.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.03%.

The stock’s 5-day moving average is $75.11, reflecting a -1.60% or -$1.24 change from its current price. PENN is currently trading -6.63% above its 20-day SMA, +0.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +8.40% and -14.08% respectively.

Stochastic %K and %D was 62.74% and 44.61% and the average true range (ATR) pointed at 3.65. The RSI (14) points at 50.83%, while the 14-day stochastic is at 69.53% with the period’s ATR at 3.63. The stock’s 9-day MACD Oscillator is pointing at 0.43 and 0.86 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Penn National Gaming Inc. (NASDAQ: PENN), Wells Fargo launched coverage with an Equal weight rating. Analysts offering their rating for PENN stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate PENN as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.

What is PENN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $31.00 and a high of $140.00, with their median price target at $105.00. Looking at these predictions, the average price target given by analysts is for Penn National Gaming Inc. (PENN) stock is $98.49.


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