News coverage about Activision Blizzard (NASDAQ:ATVI) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Activision Blizzard earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.8817042327305 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
A number of equities research analysts recently commented on the stock. Sanford C. Bernstein assumed coverage on shares of Activision Blizzard in a report on Thursday, January 18th. They issued a “market perform” rating and a $74.00 price target on the stock. Vetr raised shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $74.33 price target on the stock in a report on Tuesday, January 30th. Wedbush set a $81.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Friday, February 9th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, March 13th. Finally, Credit Suisse Group lifted their price target on shares of Activision Blizzard from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $75.03.
Shares of ATVI traded down $0.07 during mid-day trading on Monday, reaching $66.23. 4,378,594 shares of the stock traded hands, compared to its average volume of 6,602,970. The firm has a market capitalization of $50,297.28, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77. Activision Blizzard has a 1 year low of $50.36 and a 1 year high of $79.63.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. analysts expect that Activision Blizzard will post 2.52 earnings per share for the current year.
In other news, insider Dennis M. Durkin sold 21,488 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $77.18, for a total transaction of $1,658,443.84. Following the completion of the transaction, the insider now directly owns 151,314 shares in the company, valued at approximately $11,678,414.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dennis M. Durkin sold 71,488 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $75.65, for a total transaction of $5,408,067.20. Following the transaction, the insider now owns 151,314 shares of the company’s stock, valued at $11,446,904.10. The disclosure for this sale can be found here. Insiders have sold a total of 2,701,258 shares of company stock valued at $191,727,094 over the last 90 days. Company insiders own 2.12% of the company’s stock.
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About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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