NASDAQ:ATVI

Activision Blizzard - ATVI Stock Forecast, Price & News

$75.24

-1.87 (-2.43%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: $75.03
▼
$76.78
50-Day Range: $73.47
▼
$77.69
52-Week Range: $70.94
▼
$82.00

Volume: 5.77 million shs
Average Volume: 5.37 million shs
Market Capitalization: $58.89 billion

P/E Ratio: 35.32
Dividend Yield: 0.61%
Price Target: $91.85

Institutional Ownership

Activision Blizzard MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.1% Upside
$91.85 Price Target
Short Interest: Healthy
2.46% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.04
Upright™ Environmental Score
News Sentiment: 0.28
Based on 22 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 32.44%
From $2.62 to $3.47 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Consumer Discretionary Sector

27th out of 268 stocks

Prepackaged Software Industry

16th out of 215 stocks

3.5

Analyst's Opinion

Consensus Rating
Activision Blizzard has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 12 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $91.85, Activision Blizzard has a forecasted upside of 22.1% from its current price of $75.24.
Amount of Analyst Coverage
Activision Blizzard has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.46% of the float of Activision Blizzard has been sold short.
Short Interest Ratio / Days to Cover
Activision Blizzard has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Activision Blizzard has recently increased by 4.34%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Activision Blizzard has a dividend yield of 0.61%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Activision Blizzard does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Activision Blizzard is 22.07%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Activision Blizzard will have a dividend payout ratio of 13.54% next year. This indicates that Activision Blizzard will be able to sustain or increase its dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Activision Blizzard has received a 1.55% net impact score from Upright. Activision Blizzard seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Creating knowledge". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Professional esports tournaments and events", "Free-to-play single-player mobile puzzle games for entertainment", "Pay-to-play single-player desktop rhythm music games for entertainment", "Free-to-play single-player educational desktop memory games", "Pay-to-play single-player video game console rhythm music games for entertainment", and "Pay-to-play multiplayer desktop MMORPGs for entertainment" products. See details.
Environmental Sustainability
The Environmental Impact score for Activision Blizzard is -1.04.

2.4

News and Social Media Coverage

News Sentiment
Activision Blizzard has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Activision Blizzard this week, compared to 11 articles on an average week.
Search Interest
84 people have searched for ATVI on MarketBeat in the last 30 days. This is an increase of 155% compared to the previous 30 days.
MarketBeat Follows
Only 22 people have added Activision Blizzard to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Activision Blizzard insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.10% of the stock of Activision Blizzard is held by insiders.
Percentage Held by Institutions
79.34% of the stock of Activision Blizzard is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Activision Blizzard are expected to grow by 32.44% in the coming year, from $2.62 to $3.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Activision Blizzard is 35.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Activision Blizzard is 35.32, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.53.
Price to Earnings Growth Ratio
Activision Blizzard has a PEG Ratio of 2.33. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Activision Blizzard has a P/B Ratio of 3.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Activision Blizzard (NASDAQ:ATVI) Stock

Activision Blizzard, Inc. is a developer and publisher of interactive entertainment content and services. It operates through the following segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment. The Activision Publishing segment delivers content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products. The Blizzard Entertainment segment is engaged in delivering content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, subscriptions, and by licensing software to third-party or related-party companies that distribute Blizzard products. The King Digital Entertainment segment is focused on delivering content through free-to-play offerings and generates revenue from in-game sales and in-game advertising on the mobile platform. The company was founded in 1979 and is headquartered in Santa Monica, CA.

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ATVI Stock News Headlines

February 3, 2023 | marketbeat.com

Activision Blizzard settles SEC charges for $35 million

Government regulators announced Friday that videogame maker Activision Blizzard has agreed to pay $35 million to settle charges that it failed to maintain controls to collect and assess workplace complaints with regard to disclosure requirements and violated a federal whistleblower protection rule

February 3, 2023 | marketbeat.com

Activision settles another workplace suit for $35 million

Videogame maker Activision Blizzard has agreed to pay $35 million to settle federal regulatory charges that it failed to collect and respond to employee complaints of workplace misconduct and violated a federal whistleblower protection rule

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What Does Microsoft’s Investment in ChatGBT Mean for MSFT Stock? (ATVI)

is Microsoft's $10 billion investment in OpenAI money well spent? Is it part of a larger plan? And what does all of this mean for MSFT stock?

January 18, 2023 | marketbeat.com

China's NetEase criticizes Blizzard offer as unequal, unfair

China games company NetEase Inc. says it has rejected a proposal from World of Warcraft creator Activision Blizzard to temporarily extend its partnership while the U.S. company seeks a new partner, in an escalating public spat

February 4, 2023 | americanbankingnews.com

Activision Blizzard (ATVI) Set to Announce Earnings on Monday

February 3, 2023 | benzinga.com

Xbox CEO Phil Spencer's Shocking Revelation About Activision Blizzard Takeover

February 3, 2023 | markets.businessinsider.com

Activision To Pay $35 Mln To Settle SEC Charges Related To Handling Of Complaints Of Workplace

February 4, 2023 | Wall Street Watch Dogs (Ad)

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February 3, 2023 | investing.com

Activision Blizzard to pay $35mln to settle workplace charges, U.S. SEC says

February 3, 2023 | msn.com

Activision Blizzard to pay $35 million to settle SEC investigation

February 3, 2023 | msn.com

Activision Blizzard agrees to pay $35M to settle workplace complaint allegations

February 3, 2023 | reuters.com

'Call of Duty' maker Activision Blizzard to pay $35 mln over U.S. SEC charges

February 3, 2023 | wsj.com

Activision Blizzard Paying $35 Million to Resolve SEC Investigation

February 2, 2023 | finance.yahoo.com

What's in Store for Activision Blizzard (ATVI) in Q4 Earnings?

February 1, 2023 | finance.yahoo.com

Meta Earns a Win Against the FTC. Microsoft’s Fight Comes Next.

February 1, 2023 | finance.yahoo.com

EA Shows Why Mobile Games Are a Minefield

February 1, 2023 | nasdaq.com

What To Expect From Activision Blizzard's Q4?

January 31, 2023 | marketwatch.com

Activision Blizzard Inc. stock rises Tuesday, still underperforms market

January 31, 2023 | forbes.com

What To Expect From Activision Blizzard’s Q4?

January 30, 2023 | finance.yahoo.com

Activision Blizzard, Inc (ATVI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

January 30, 2023 | finance.yahoo.com

Nearly 43% of Warren Buffett's Portfolio Is Invested in These 5 Tech Stocks

January 29, 2023 | americanbankingnews.com

Activision Blizzard (NASDAQ:ATVI) Downgraded by StockNews.com

January 28, 2023 | americanbankingnews.com

Activision Blizzard (NASDAQ:ATVI) Stock Rating Reaffirmed by Wedbush

January 28, 2023 | americanbankingnews.com

Activision Blizzard, Inc. (NASDAQ:ATVI) Receives $91.85 Consensus PT from Analysts

January 28, 2023 | msn.com

Report: PlayStation CEO Jim Ryan Back In Brussels to Meet Regulators About Microsoft’s Activision Blizzard Deal

January 26, 2023 | ca.finance.yahoo.com

Sony's gaming chief met EU's Vestager on Microsoft's Activision deal -source

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ATVI Company Calendar

Last Earnings: 11/07/2022
Today: 2/04/2023
Next Earnings (Confirmed): 2/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Home Entertainment Software
Sector: Consumer Discretionary
Current Symbol: NASDAQ:ATVI
CUSIP: 00507V10
CIK: 718877
Web: www.activisionblizzard.com
Phone: (310) 255-2000
Fax: 310-255-2100
Employees: 9,800
Year Founded: 1979

Price Target and Rating

Average Stock Price Forecast: $91.85
High Stock Price Forecast: $100.00
Low Stock Price Forecast: $81.00
Forecasted Upside/Downside: +22.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.13
Trailing P/E Ratio: 35.32
Forward P/E Ratio: 28.72
P/E Growth: 2.33
Net Income: $2.70 billion
Net Margins: 22.75%
Pretax Margin: 26.15%
Return on Equity: 9.64%
Return on Assets: 6.94%

Debt

Debt-to-Equity Ratio: 0.19
Current Ratio: 5.76
Quick Ratio: 5.76

Sales & Book Value

Annual Sales: $8.80 billion
Price / Sales: 6.69
Cash Flow: $3.72 per share
Price / Cash Flow: 20.22
Book Value: $22.59 per share
Price / Book: 3.33

Miscellaneous

Outstanding Shares: 782,630,000
Free Float: 774,016,000
Market Cap: $58.89 billion
Optionable: Optionable
Beta: 0.42

Social Links

Key Executives

Robert A. Kotick
Chief Executive Officer & Director

Daniel I. Alegre
President & Chief Operating Officer

Armin Zerza
Chief Financial Officer

Jen Brewer
Chief Ethics & Compliance Officer

Brian Bulatao
Chief Administrative Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ATVI Stock - Frequently Asked Questions

Should I buy or sell Activision Blizzard stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Activision Blizzard in the last year. There are currently 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATVI shares.
View ATVI analyst ratings or view top-rated stocks.
What is Activision Blizzard's stock price forecast for 2023?: 12 brokerages have issued 12-month price targets for Activision Blizzard's stock. Their ATVI share price forecasts range from $81.00 to $100.00. On average, they predict the company's stock price to reach $91.85 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for ATVI or view top-rated stocks among Wall Street analysts.
How have ATVI shares performed in 2023?: Activision Blizzard's stock was trading at $76.55 at the beginning of 2023. Since then, ATVI stock has decreased by 1.7% and is now trading at $75.24.
View the best growth stocks for 2023 here.
When is Activision Blizzard's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our ATVI earnings forecast.
How were Activision Blizzard's earnings last quarter?: Activision Blizzard, Inc. (NASDAQ:ATVI) posted its quarterly earnings results on Monday, November, 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.16. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.70 billion. Activision Blizzard had a trailing twelve-month return on equity of 9.64% and a net margin of 22.75%.
Is Activision Blizzard a good dividend stock?: Activision Blizzard (NASDAQ:ATVI) pays an annual dividend of $0.47 per share and currently has a dividend yield of 0.61%. The dividend payout ratio is 22.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATVI will have a dividend payout ratio of 13.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATVI.
What guidance has Activision Blizzard issued on next quarter's earnings?: Activision Blizzard updated its fourth quarter 2022 earnings guidance on Saturday, December, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.06B-, compared to the consensus revenue estimate of $3.21 billion.
What is Robert A. Kotick's approval rating as Activision Blizzard's CEO?: 128 employees have rated Activision Blizzard Chief Executive Officer Robert A. Kotick on Glassdoor.com. Robert A. Kotick has an approval rating of 50% among the company's employees. This puts Robert A. Kotick in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 59.0% of employees surveyed would recommend working at Activision Blizzard to a friend.

What other stocks do shareholders of Activision Blizzard own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Activision Blizzard investors own include NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Netflix (NFLX), PayPal (PYPL), Advanced Micro Devices (AMD), Micron Technology (MU), Tesla (TSLA), Salesforce (CRM) and Adobe (ADBE).
What is Activision Blizzard's stock symbol?: Activision Blizzard trades on the NASDAQ under the ticker symbol "ATVI."
Who are Activision Blizzard's major shareholders?: Activision Blizzard's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.18%), Maj Invest Holding A S (0.18%), National Bank of Canada FI (0.11%) and Manning & Napier Group LLC (0.11%). Insiders that own company stock include Armin Zerza, Brian G Kelly, Casey Wasserman, Christopher B Walther, Claudine Macartney, Collister Johnson, Daniel Alegre, Dennis M Durkin, Hendrik Hartong III, Jesse Yang, Peter J Nolan, Peter J Nolan and Robert J Morgado.
View institutional ownership trends.
How do I buy shares of Activision Blizzard?: Shares of ATVI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Activision Blizzard's stock price today?: One share of ATVI stock can currently be purchased for approximately $75.24.
How much money does Activision Blizzard make?: Activision Blizzard (NASDAQ:ATVI) has a market capitalization of $58.89 billion and generates $8.80 billion in revenue each year. The company earns $2.70 billion in net income (profit) each year or $2.13 on an earnings per share basis.
How many employees does Activision Blizzard have?: The company employs 9,800 workers across the globe.
Does Activision Blizzard have any subsidiaries?: The following companies are subsidiares of Activision Blizzard: ATVI C.V., Activision Blizzard International BV, Activision Blizzard Media Limited, Activision Blizzard UK Limited, Activision Publishing Inc., Beenox, Blizzard Entertainment, Blizzard Entertainment SAS, Budcat Creations, California 7 Studios, DemonWare, Gray Matter Interactive Studios, High Moon Studios, King.com, King.com (US) LLC, Major League Gaming Inc, Midasplayer AB, Omniata, Radical Entertainment, RedOctane, Shaba Games, Treyarch, and Z-Axis Ltd..
Read More
How can I contact Activision Blizzard?: Activision Blizzard's mailing address is 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA, 90405. The official website for the company is www.activisionblizzard.com. The company can be reached via phone at (310) 255-2000, via email at ir@activision.com, or via fax at 310-255-2100.

This page (NASDAQ:ATVI) was last updated on 2/4/2023 by MarketBeat.com Staff

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Activision Blizzard - ATVI Stock Forecast, Price & News

Activision Blizzard MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Activision Blizzard (NASDAQ:ATVI) Stock

ATVI Stock News Headlines

ATVI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ATVI Stock - Frequently Asked Questions

Overall MarketRank^™