TeamViewer’s Stock Teeters Near 52-Week Low as PNC Bank Cuts Stake
TeamViewer’s stock has faced a turbulent year, dropping over 41% since January. The shares now hover near a critical support level of €5.60–€5.70, raising concerns about further declines. Despite this, the stock edged slightly higher today by 0.27%, even as major investor PNC Bank cut its stake below the key 5% mark.
The company’s share price currently stands at €5.67, just above its 52-week low of €5.42. Analysts warn that if the €5.60–€5.70 range fails to hold, another steep sell-off could follow. The Relative Strength Index (RSI) of 27.6 also signals an oversold condition, reflecting recent heavy selling pressure.
PNC Bank’s move to reduce its direct holdings to 0.33% while increasing derivatives to 4.57% suggests a shift toward hedging or short-term speculation rather than long-term confidence. This adjustment comes amid deep divisions among analysts, with price targets ranging from €6.50 to nearly €11.00. The average target of €8.53 implies a potential upside of over 50%, but opinions remain sharply split.
Other major institutions, including Goldman Sachs, Berenberg Bank, Barclays Capital, and Deutsche Bank, continue to assess TeamViewer as a potential investment. Yet, the stock’s volatility and recent underperformance have left investors cautious.
TeamViewer remains one of the worst-performing stocks in the German market this year. While today’s slight gain may hint at temporary stabilisation, the reduced stake by a key investor and the proximity to a 52-week low underscore ongoing uncertainty. The coming weeks will likely determine whether the stock can recover or faces further declines.
