Frontier Developments (LON:FDEV) Reaches New 12-Month High - Here's What Happened

Key Points

• Frontier Developments plc's stock reached a new 52-week high at GBX 397 ($5.37) during trading, closing at GBX 384.53 ($5.20).
• Shore Capital has reissued a "buy" rating for the stock, which has an average rating of "Moderate Buy" and a target price of GBX 315.
• Insider transactions showed substantial selling, with insiders offloading 444,560 shares worth approximately $165 million over the last quarter.

Frontier Developments plc (LON:FDEV - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 397 ($5.37) and last traded at GBX 384.53 ($5.20), with a volume of 295543 shares trading hands. The stock had previously closed at GBX 375 ($5.07).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating on shares of Frontier Developments in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 315.

Frontier Developments Stock Performance

The company has a market cap of £143.58 million, a PE ratio of 933.33, a P/E/G ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. The business has a fifty day moving average of GBX 366.99 and a 200-day moving average of GBX 273.25.

Frontier Developments (LON:FDEV - Get Free Report) last announced its quarterly earnings results on Wednesday, September 10th. The company reported GBX 42.40 earnings per share (EPS) for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. Equities research analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Insider Transactions at Frontier Developments

In related news, insider David John Braben sold 28,400 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of GBX 361, for a total transaction of £102,524. In the last quarter, insiders sold 444,560 shares of company stock worth $165,459,839. 37.66% of the stock is owned by 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.

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