Frontier Developments (LON:FDEV) Given Buy Rating at Shore Capital

Key Points

• Shore Capital has reaffirmed a "buy" rating for Frontier Developments (LON:FDEV) in a recent report, indicating continued confidence in the company's stock performance.
• Frontier Developments reported earnings per share of GBX 42.40 for the last quarter, but experienced negative returns on equity and net margins.
• Insider trading activity showed that approximately 37.66% of stock is held by insiders, with significant recent sales totaling £162,215,754.

Shore Capital reissued their buy rating on shares of Frontier Developments (LON:FDEV - Free Report) in a research report released on Wednesday, Marketbeat reports.

Frontier Developments Stock Performance

LON:FDEV traded up GBX 2.50 during midday trading on Wednesday, reaching GBX 382.50. The stock had a trading volume of 92,350 shares, compared to its average volume of 83,804. Frontier Developments has a 12-month low of GBX 175.60 and a 12-month high of GBX 397. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. The firm has a fifty day simple moving average of GBX 370.13 and a two-hundred day simple moving average of GBX 277.19. The stock has a market cap of £142.82 million, a P/E ratio of 928.40, a P/E/G ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV - Get Free Report) last released its earnings results on Wednesday, September 10th. The company reported GBX 42.40 EPS for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. On average, equities analysts expect that Frontier Developments will post 7.0917759 EPS for the current year.

Insider Buying and Selling

In other news, insider David John Braben sold 8,850 shares of Frontier Developments stock in a transaction on Thursday, September 11th. The stock was sold at an average price of GBX 388, for a total transaction of £34,338. Insiders sold a total of 461,053 shares of company stock valued at $171,859,123 over the last three months. 37.66% of the stock is currently owned by company insiders.

About Frontier Developments

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.