Activision Blizzard (NASDAQ:ATVI) Earning Somewhat Favorable Media Coverage, Analysis Shows

Posted by on Nov 9th, 2019 // Comments off

News headlines about Activision Blizzard (NASDAQ:ATVI) have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Activision Blizzard earned a media sentiment score of 1.20 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Activision Blizzard’s score:

Several equities research analysts have recently weighed in on ATVI shares. Stifel Nicolaus boosted their target price on shares of Activision Blizzard from $57.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Stephens raised shares of Activision Blizzard from an “equal” rating to a “weight” rating and boosted their target price for the stock from $52.00 to $65.00 in a research report on Thursday, September 5th. TheStreet raised shares of Activision Blizzard from a “c+” rating to a “b-” rating in a research report on Tuesday, August 13th. Bank of America set a $62.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, UBS Group reissued a “buy” rating and issued a $56.00 target price (up previously from $52.00) on shares of Activision Blizzard in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.38.

Shares of NASDAQ:ATVI traded down $0.25 during trading on Friday, reaching $54.30. 15,898,300 shares of the company’s stock traded hands, compared to its average volume of 8,976,302. The company has a 50 day moving average of $54.65 and a 200-day moving average of $49.30. The stock has a market capitalization of $42.60 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87. Activision Blizzard has a 12 month low of $39.85 and a 12 month high of $57.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 3.43.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Activision Blizzard had a net margin of 23.69% and a return on equity of 15.54%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business’s revenue for the quarter was down 27.1% on a year-over-year basis. Equities research analysts predict that Activision Blizzard will post 2.01 earnings per share for the current fiscal year.

In related news, insider Brian M. Stolz sold 134,845 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $47.80, for a total value of $6,445,591.00. Following the sale, the insider now directly owns 58,563 shares in the company, valued at approximately $2,799,311.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher B. Walther sold 5,333 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $52.67, for a total transaction of $280,889.11. The disclosure for this sale can be found here. Insiders sold a total of 145,511 shares of company stock worth $6,997,557 over the last quarter. Insiders own 1.29% of the company’s stock.

Activision Blizzard Company Profile

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. It 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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