Activision Blizzard Given Average Rating of “Buy” by Brokerages (NASDAQ:ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) have earned an average recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, Analyst RN reports. Eleven investment analysts have rated the stock with a buy recommendation, The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.14.
A number of research firms have recently commented on ATVI. Analysts at Stifel Nicolaus raised their price target on shares of Activision Blizzard from $24.00 to $26.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at Wedbush reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $30.00 price target on the stock, up previously from $22.00.
Activision Blizzard (NASDAQ:ATVI) traded down 1.34% on Thursday, hitting $20.59. 7,495,107 shares of the company’s stock traded hands. Activision Blizzard has a 52 week low of $13.27 and a 52 week high of $21.50. The stock has a 50-day moving average of $19.96 and a 200-day moving average of $18.75. The company has a market cap of $14.722 billion and a price-to-earnings ratio of 23.72.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Tuesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $688.23 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect that Activision Blizzard will post $1.31 EPS for the current fiscal year.
In other Activision Blizzard news, Insider Brian Hodous sold 29,624 shares of the stock on the open market in a transaction dated Thursday, May 8th. The stock was sold at an average price of $20.76, for a total transaction of $614,994.24. Following the completion of the sale, the insider now directly owns 216,542 shares in the company, valued at approximately $4,495,412. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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