Frontier Developments (LON:FDEV) Reaches New 52-Week High - Here's What Happened

Key Points

• Frontier Developments shares reached a new 52-week high, trading as high as GBX 500 ($6.66), showing significant market activity with a trading volume of 373,953 shares.
• Analysts have upgraded their target prices for Frontier Developments, with Berenberg Bank raising its target from GBX 450 to GBX 550, and the stock currently holds a consensus rating of "Moderate Buy."
• Insider activity indicates that approximately 37.76% of the stock is owned by corporate insiders, with notable insider selling of 36,385 shares by David John Braben at an average price of GBX 469.

Frontier Developments plc (LON:FDEV - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as GBX 500 ($6.66) and last traded at GBX 493 ($6.57), with a volume of 373953 shares. The stock had previously closed at GBX 470 ($6.26).

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Berenberg Bank upped their target price on shares of Frontier Developments from GBX 450 to GBX 550 and gave the stock a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a report on Friday, September 12th. Finally, Shore Capital reiterated a "buy" rating on shares of Frontier Developments in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Frontier Developments currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 470.

Frontier Developments Price Performance

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's fifty day simple moving average is GBX 410.17 and its two-hundred day simple moving average is GBX 322.88. The stock has a market capitalization of £180.14 million, a PE ratio of 12.11, a P/E/G ratio of 2.11 and a beta of 0.03.

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

Insider Activity

In related news, insider David John Braben sold 36,385 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of GBX 469, for a total value of £170,645.65. Over the last 90 days, insiders have bought 91,807 shares of company stock worth $38,126,744 and have sold 617,358 shares worth $247,207,086. 37.76% of the stock is owned by corporate insiders.

Frontier Developments Company Profile

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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