Media coverage about Activision Blizzard (NASDAQ:ATVI) has trended somewhat negative this week, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Activision Blizzard earned a media sentiment score of -1.12 on their scale. InfoTrie also assigned press coverage about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Activision Blizzard’s analysis:
ATVI stock traded down $7.78 during trading on Friday, hitting $55.01. The company had a trading volume of 34,539,389 shares, compared to its average volume of 9,550,354. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.98 and a quick ratio of 2.96. Activision Blizzard has a 12 month low of $53.50 and a 12 month high of $84.68. The stock has a market capitalization of $49.63 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 16.39% and a net margin of 6.96%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, equities analysts expect that Activision Blizzard will post 2.49 earnings per share for the current fiscal year.
Several research analysts have recently commented on ATVI shares. BidaskClub downgraded Activision Blizzard from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. BTIG Research boosted their target price on Activision Blizzard from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 16th. KeyCorp reduced their target price on Activision Blizzard from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, October 31st. Argus reissued a “buy” rating and issued a $90.00 target price (up from $81.00) on shares of Activision Blizzard in a report on Friday, September 21st. Finally, SunTrust Banks set a $85.00 target price on Activision Blizzard and gave the stock a “buy” rating in a report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.62.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $68.70, for a total value of $1,357,580.70. Following the completion of the transaction, the chief executive officer now owns 20,324 shares in the company, valued at approximately $1,396,258.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.29% 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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