Frontier Developments (LON:FDEV) Insider Sells £258,000 in Stock

Frontier Developments plc (LON:FDEV) insider Alex Bevis sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total transaction of £258,000.

Alex Bevis also recently made the following trade(s):

• On Tuesday, June 23rd, Alex Bevis sold 5,084 shares of Frontier Developments stock. The shares were sold at an average price of GBX 404, for a total transaction of £20,539.36.

Frontier Developments Price Performance

Shares of LON FDEV opened at GBX 525 on Monday. The firm has a market cap of £182.35 million, a PE ratio of 10.54, a PEG ratio of 2.11 and a beta of 0.03. The company has a current ratio of 3.50, a quick ratio of 2.61 and a debt-to-equity ratio of 16.51. Frontier Developments plc has a 1-year low of GBX 302 and a 1-year high of GBX 588.56. The company has a fifty day moving average price of GBX 436.34 and a 200 day moving average price of GBX 404.77.

Frontier Developments (LON:FDEV) last released its earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. Research analysts predict that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDEV. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective 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 target price on the stock in a research note on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 618.75.

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.