King Digital Entertainment PLC Sees Unusually Large Options Volume (KING)
Shares of King Digital Entertainment PLC (NASDAQ:KING) were the target of some unusual options trading on Friday. Traders acquired 11,964 call options on the company, AnalystRatingsNetwork.com reports. This represents an increase of 1,291% compared to the typical volume of 860 call options.
A number of research firms have recently commented on KING. Analysts at Barclays raised their price target on shares of King Digital Entertainment PLC from $23.00 to $24.00 in a research note on Friday, May 9th. Separately, analysts at Wedbush initiated coverage on shares of King Digital Entertainment PLC in a research note on Tuesday, May 6th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set a “buy” rating and a $23.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.67.
King Digital Entertainment PLC (NASDAQ:KING) traded up 5.12% on Friday, hitting $17.85. The stock had a trading volume of 3,481,742 shares. King Digital Entertainment PLC has a 1-year low of $15.26 and a 1-year high of $21.39. The stock’s 50-day moving average is $16.7 and its 200-day moving average is $17.39. The company has a market cap of $5.671 billion and a price-to-earnings ratio of 8.47.
King Digital Entertainment PLC (NASDAQ:KING) last announced its earnings results on Wednesday, May 7th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.57 by $0.16. The company had revenue of $606.70 million for the quarter, compared to the consensus estimate of $205.90 million. King Digital Entertainment PLC’s revenue was up 194.7% compared to the same quarter last year.
King Digital Entertainment plc is an interactive entertainment company. The Company’s games include Candy Crush Saga, Pet Rescue Saga, Farm Heroes Saga, Papa Pear Saga and Bubble Witch Saga.
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