Frontier Developments (LON:FDEV) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Frontier Developments' stock price has recently surpassed its 50-day moving average of GBX 401.52, peaking at GBX 445 during trading.
• Analysts from Shore Capital and Berenberg Bank have given the stock a "buy" rating, with a consensus price target of GBX 420, indicating confidence in its potential performance.
• Insider transactions reveal that David John Braben sold 36,385 shares at an average price of GBX 469, while insiders collectively sold a significant number of shares valued over £270 million in the last quarter.

Frontier Developments plc (LON:FDEV - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 401.52 ($5.35) and traded as high as GBX 445 ($5.93). Frontier Developments shares last traded at GBX 436.88 ($5.82), with a volume of 558,626 shares.

Wall Street Analyst Weigh In

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

Frontier Developments Price Performance

The stock has a 50 day moving average of GBX 401.52 and a two-hundred day moving average of GBX 312.46. 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 firm has a market capitalization of £158.99 million, a P/E ratio of 1,069.09, 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 data 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%. Sell-side analysts predict that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Insider Transactions at Frontier Developments

In other Frontier Developments news, insider David John Braben sold 36,385 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of GBX 469, for a total value of £170,645.65. Over the last quarter, insiders purchased 91,807 shares of company stock valued at $38,126,744 and sold 679,665 shares valued at $270,085,055. 37.76% of the stock is 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.

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