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

Key Points

• Frontier Developments shares rose 4.6%, trading as high as GBX 636.12 and closing at GBX 633—well above the 50-day moving average of GBX 506.65.
• Analysts remain bullish: four analysts rate the stock a Buy, with a consensus target price of GBX 618.75. Shore Capital upgraded the shares to Buy with a GBX 650 target, while Berenberg reaffirmed its Buy rating.
• The company reported quarterly EPS of GBX 74.60, a 27.12% return on equity and a 26.03% net margin. Insider Alex Bevis sold 50,000 shares for £258,000, while insiders collectively own 39.02% of the company.

Shares of Frontier Developments plc (LON:FDEV - Get Free Report) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 506.65 and traded as high as GBX 636.12. Frontier Developments shares last traded at GBX 633, with a volume of 223,976 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 600 price target on shares of Frontier Developments in a report on Wednesday, September 9th. Shore Capital Group upgraded Frontier Developments to a "buy" rating and set a GBX 650 price target on the stock in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 618.75.

Frontier Developments Stock Up 4.6%

The firm has a market capitalization of £214.32 million, a PE ratio of 9.04, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.61 and a current ratio of 3.50. The firm's 50-day moving average is GBX 506.65 and its 200 day moving average is GBX 437.21.

Frontier Developments (LON:FDEV - Get Free Report) last posted 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, research analysts forecast that Frontier Developments plc will post 7.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Developments

In other news, insider Alex Bevis sold 50,000 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total transaction of £258,000. 39.02% of the stock is owned by corporate 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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