Activision Blizzard, Inc. (NASDAQ:ATVI) registered a 0.35% increase, still its new closing price is 50.74% up from the company’s 1 year high of 45.55.It posted 1.64% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 9 buy or better ratings. The 21 stock analysts following this company have an average price target at $48.36, with individual PT in the $40.00-$56.00 range. The shares moved at $39.61, implying that brokerage firms see shares gaining about 18.18% in twelve months time.
Activision Blizzard, Inc. (ATVI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.69% rise year to date. A CEO, King at Activision Blizzard, Inc. (ATVI) offloaded shares in a transaction closed on Thursday November 17, 2016. ZACCONI RICCARDO sold 19,761 shares in the company at $40.09 each and collected $792,000 in proceeds. ZACCONI RICCARDO now owns 63,342 shares in the company after this transaction. A COO in the company, Tippl Thomas, disclosed a transaction on Wednesday September 14, 2016 that ended up generating $3,282,000 from the sale of 75,000 shares at $43.76 per share.
Activision Blizzard, Inc. (NASDAQ:ATVI) Upcoming Results on Tap
Activision Blizzard, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.39 in that period. Sales during the quarter are predicted to arrive at $1.22 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.63 billion in revenue and EPS of $0.52. The mean forecast was for $1.57 billion and $0.42 a share, respectively. One quarter earlier, revenue for the stock was at $1.61 billion, with earnings at $0.54/share.
Activision Blizzard, Inc. (ATVI) Brokerage Update
Activision Blizzard, Inc. (ATVI) is in MKM Partners’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by MKM Partners, according to news reported on Thursday July 28, 2016.Another important research note was issued by BofA/Merrill on Monday November 02, 2015.The firm downgraded ATVI to Neutral from Buy. Over the last six months and over the last three months, the shares of Activision Blizzard, Inc. (ATVI), have changed -1.64% and -10.87%, respectively.