Frontier Developments (LON:FDEV) Insider David John Walsh Acquires 3,500 Shares

Frontier Developments plc (LON:FDEV) insider David John Walsh purchased 3,500 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of GBX 543 per share, with a total value of £19,005.

David John Walsh also recently made the following trade(s):

• On Thursday, November 13th, David John Walsh acquired 1,500 shares of Frontier Developments stock. The stock was bought at an average cost of GBX 537 per share, with a total value of £8,055.

Frontier Developments Price Performance

Frontier Developments stock traded down GBX 3 during trading hours on Friday, hitting GBX 530. 150,251 shares of the company traded hands, compared to its average volume of 104,825. Frontier Developments plc has a 1-year low of GBX 175.60 and a 1-year high of GBX 588.56. The firm has a market cap of £191.66 million, a P/E ratio of 13.02, a P/E/G ratio of 2.11 and a beta of 0.03. The firm’s 50-day simple moving average is GBX 458.87 and its two-hundred day simple moving average is GBX 359.04. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70.

Frontier Developments (LON:FDEV) last posted its quarterly earnings data 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%. As a group, analysts forecast 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 topic of several analyst reports. Berenberg Bank increased their price target on shares of Frontier Developments from GBX 450 to GBX 550 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Peel Hunt upped 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the stock a “hold” rating in a report on Friday, September 12th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 520.

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.