David John Braben Sells 15,000 Shares of Frontier Developments (LON:FDEV) Stock

Frontier Developments plc (LON:FDEV) insider David John Braben sold 15,000 shares of Frontier Developments stock in a transaction on Thursday, February 26th. The stock was sold at an average price of £401.61, for a total transaction of £6,024,150.

Frontier Developments Stock Performance

LON:FDEV opened at GBX 400.23 on Monday. 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 50-day moving average of GBX 453.18 and a two-hundred day moving average of GBX 456.21. The stock has a market cap of £144.73 million, a P/E ratio of 8.04, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments plc has a 1-year low of GBX 176.40 and a 1-year high of GBX 588.56.

Frontier Developments (LON:FDEV) last announced its earnings results on Wednesday, January 14th. The company reported GBX 21.40 earnings per share (EPS) for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. On average, research analysts expect that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FDEV has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Frontier Developments to a “buy” rating and raised their price target for the stock from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Peel Hunt raised their price objective on shares of Frontier Developments from GBX 446 to GBX 620 and gave the stock a “buy” rating in a report on Friday, November 7th. Berenberg Bank boosted their target price on shares of Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Shore Capital Group restated a “buy” rating on shares of Frontier Developments in a research note on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 608.33.

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.