Key Points
- Frontier Developments insider Alex Bevis sold 50,000 shares at GBX 516 each, totaling £258,000; he had also sold 5,084 shares in June.
- The stock was trading down 2.8%, opening at GBX 525, despite reporting quarterly EPS of GBX 74.60 and posting a 26.03% net margin.
- Analysts remain positive, with Shore Capital upgrading the shares to “buy” and setting a GBX 650 target; the consensus rating is “Buy” with an average target of GBX 618.75.
Frontier Developments plc (LON:FDEV - Get Free Report) insider Alex Bevis sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total value of £258,000.
Alex Bevis also recently made the following trade(s):
- On Tuesday, June 23rd, Alex Bevis sold 5,084 shares of Frontier Developments stock. The shares were sold at an average price of GBX 404, for a total value of £20,539.36.
Frontier Developments Trading Down 2.8%
FDEV opened at GBX 525 on Friday. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.61 and a current ratio of 3.50. The stock's 50 day moving average price is GBX 436.34 and its 200-day moving average price is GBX 404.82. Frontier Developments plc has a one year low of GBX 302 and a one year high of GBX 588.56. The stock has a market cap of £182.35 million, a price-to-earnings ratio of 10.54, a P/E/G ratio of 2.11 and a beta of 0.03.
Frontier Developments (LON:FDEV - Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. On average, equities analysts forecast that Frontier Developments plc will post 7.0917759 EPS for the current year.
Analysts Set New Price Targets
Several analysts have recently weighed in on FDEV shares. Shore Capital Group upgraded Frontier Developments to a "buy" rating and set a GBX 650 target price for the company in a research report on Wednesday. Berenberg Bank restated a "buy" rating and issued a GBX 600 price target on shares of Frontier Developments in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 618.75.
Check Out Our Latest Stock 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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