Frontier Developments (LON:FDEV) Sets New 1-Year High - Still a Buy?

Key Points

• Frontier Developments shares reached a new 52-week high, trading as high as GBX 596 before closing at GBX 592, up from the prior close of GBX 559.
• Analysts remain positive: the stock has a consensus “Buy” rating from four analysts, with an average price target of GBX 618.75; recent targets include GBX 600 from Berenberg and GBX 650 from Shore Capital.
• The company reported quarterly EPS of GBX 74.60, a 27.12% return on equity and a 26.03% net margin. However, insider Alex Bevis sold 50,000 shares for £258,000, while insiders collectively own 38.10% of the company.

Frontier Developments plc (LON:FDEV - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 596 and last traded at GBX 592, with a volume of 329173 shares changing hands. The stock had previously closed at GBX 559.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 600 target price on shares of Frontier Developments in a research report on Wednesday, September 9th. Shore Capital Group upgraded shares of Frontier Developments to a "buy" rating and set a GBX 650 price target on the stock in a report on Wednesday, September 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 618.75.

Frontier Developments Stock Performance

The company has a market cap of £205.62 million, a P/E ratio of 11.89, a PEG ratio of 2.11 and a beta of 0.03. The firm has a 50 day moving average of GBX 443.52 and a 200-day moving average of GBX 407.96. The company has a quick ratio of 2.61, a current ratio of 3.50 and a debt-to-equity ratio of 16.51.

Frontier Developments (LON:FDEV - Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported GBX 74.60 EPS for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. As a group, sell-side analysts anticipate that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Insider Activity at Frontier Developments

In related news, insider Alex Bevis sold 50,000 shares of Frontier Developments stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total value of £258,000. Corporate insiders own 38.10% of the company's stock.

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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