Frontier Developments (LON:FDEV) Reaches New 12-Month High After Insider Buying Activity

Frontier Developments plc (LON:FDEV)’s share price hit a new 52-week high during trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 462.65 ($6.21) and last traded at GBX 448.28 ($6.02), with a volume of 377484 shares. The stock had previously closed at GBX 427.39 ($5.74).

Specifically, insider David John Braben bought 33,705 shares of the stock in a transaction on Friday, September 26th. The shares were bought at an average price of GBX 428 per share, with a total value of £144,257.40. Also, insider David John Braben purchased 25,330 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were purchased at an average cost of GBX 418 per share, with a total value of £105,879.40.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Frontier Developments from GBX 310 to GBX 390 and gave the company a “hold” rating in a research note on Friday, September 12th. Shore Capital reissued a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 10th. Finally, Berenberg Bank lifted their price objective on Frontier Developments from GBX 330 to GBX 450 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 420.

Frontier Developments Trading Up 4.9%

The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. The firm has a market cap of £167.38 million, a price-to-earnings ratio of 1,088.06, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The business’s 50-day moving average price is GBX 382.66 and its two-hundred day moving average price is GBX 294.83.

Frontier Developments (LON:FDEV) last released its earnings results on Wednesday, September 10th. The company reported GBX 42.40 EPS for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. Equities analysts expect that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

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.