Share on StockTwits

Activision Blizzard (NASDAQ:ATVI) was the target of a significant decline in short interest during the month of May. As of May 30th, there was short interest totalling 16,738,433 shares, a decline of 6.4% from the May 15th total of 17,889,264 shares, American Banking & Market News reports. Based on an average daily trading volume, of 8,244,238 shares, the short-interest ratio is currently 2.0 days. Currently, 3.4% of the company’s stock are short sold.

A number of analysts have recently weighed in on ATVI shares. 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. Eleven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $24.14.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at 21.81 on Wednesday. Activision Blizzard has a 52 week low of $13.27 and a 52 week high of $21.85. The stock has a 50-day moving average of $20.65 and a 200-day moving average of $19.26. The company has a market cap of $15.594 billion and a price-to-earnings ratio of 24.35.

Activision Blizzard (NASDAQ:ATVI) last released its earnings data on Tuesday, May 6th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Activision Blizzard will post $1.31 earnings per share for the current fiscal year.

Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.