Key Points
- Insider David John Braben sold a total of 108,000 shares between March 16 and April 9, including 12,500 shares on April 7 for £43,375, with aggregate proceeds of about £389,310.
- Shares opened at GBX 372 (up 1.9%) while analysts remain bullish with a consensus "Buy" and a consensus target of GBX 608.33; Deutsche Bank upgraded the stock to "Buy" and raised its target to GBX 605.
- Frontier has a market cap of £131.58m, a P/E of 7.47, reported quarterly EPS of GBX 21.40, and strong profitability metrics (ROE 21.13%, net margin 19.43%).
Frontier Developments plc (LON:FDEV - Get Free Report) insider David John Braben sold 12,500 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 347, for a total value of £43,375.
David John Braben also recently made the following trade(s):
- On Wednesday, April 8th, David John Braben sold 15,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 370, for a total value of £55,500.
- On Thursday, April 9th, David John Braben sold 13,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 367, for a total value of £47,710.
- On Wednesday, March 25th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 346, for a total value of £31,140.
- On Tuesday, March 24th, David John Braben sold 6,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 339, for a total value of £22,035.
- On Monday, March 23rd, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 352, for a total value of £31,680.
- On Friday, March 20th, David John Braben sold 7,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 375, for a total value of £28,125.
- On Thursday, March 19th, David John Braben sold 9,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total value of £32,760.
- On Wednesday, March 18th, David John Braben sold 8,500 shares of Frontier Developments stock. The shares were sold at an average price of GBX 369, for a total value of £31,365.
- On Tuesday, March 17th, David John Braben sold 8,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 364, for a total value of £29,120.
- On Monday, March 16th, David John Braben sold 10,000 shares of Frontier Developments stock. The shares were sold at an average price of GBX 365, for a total value of £36,500.
Frontier Developments Stock Up 1.9%
Shares of LON FDEV opened at GBX 372 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. The stock has a market capitalization of £131.58 million, a PE ratio of 7.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The stock's fifty day simple moving average is GBX 388.97 and its two-hundred day simple moving average is GBX 450.92. Frontier Developments plc has a 12-month low of GBX 180 and a 12-month high of GBX 588.56.
Frontier Developments (LON:FDEV - Get Free Report) last announced its earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%. As a group, analysts expect that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a "buy" rating and increased their price objective for the company from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 608.33.
Check Out Our Latest Research Report on Frontier Developments
About Frontier Developments
(
Get Free Report)
Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.
At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world's biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.
We have created games that have defined genres, been critically acclaimed, and reached many millions of players.
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