Frontier Developments (LON:FDEV) Reaches New 12-Month High Following Insider Buying Activity

Key Points

• Frontier Developments plc's share price reached a new 52-week high of GBX 420 ($5.68) following significant insider buying by CEO David John Braben.
• Analysts have raised their price targets for Frontier Developments, with Berenberg Bank setting a target of GBX 450 and a "buy" rating, while Deutsche Bank maintains a "hold" rating with a target of GBX 390.
• The company reported a negative return on equity of 30.43% and a negative net margin of 24.05% during its most recent earnings report, indicating ongoing financial challenges.

Frontier Developments plc (LON:FDEV - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday following insider buying activity. The company traded as high as GBX 420 ($5.68) and last traded at GBX 415.53 ($5.62), with a volume of 249346 shares traded. The stock had previously closed at GBX 415.50 ($5.62).

Specifically, insider David John Braben purchased 25,330 shares of the stock in a transaction on Monday, September 22nd. The shares were purchased at an average price of GBX 418 per share, with a total value of £105,879.40. Also, insider David John Braben purchased 24,028 shares of the stock in a transaction on Friday, September 19th. The shares were bought at an average cost of GBX 406 per share, for a total transaction of £97,553.68.

Analysts Set New Price Targets

FDEV has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a research note on Friday, September 12th. Berenberg Bank boosted their price target on Frontier Developments from GBX 330 to GBX 450 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 420.

Frontier Developments Price Performance

The business has a fifty day moving average price of GBX 377.01 and a 200 day moving average price of GBX 286.98. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93. The company has a market cap of £155.16 million, a price-to-earnings ratio of 1,008.58, a PEG 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 10th. The company reported GBX 42.40 earnings per share for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. As a group, research analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

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.

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