Activision Backs off on Earnings, Analysts’ Ratings

Person wearing a headset and playing a video game

Person wearing a headset and playing a video game

It improved, as 89 investors sold Activision Blizzard, Inc. shares while 195 reduced holdings. (NASDAQ:ATVI). Private Advisor Group Ltd Limited Liability Company holds 19,640 shares.

Other equities analysts have also recently issued research reports about the stock. Furthermore, Activision Blizzard boasts that net bookings - spending on in-game items and so on - for Black Ops 4 are ahead of WWII at the same life-to-date.

Among 9 analysts covering Activision Blizzard (NASDAQ:ATVI), 6 have Buy rating, 0 Sell and 3 Hold. Northwestern Mutual Wealth Management Co. lifted its stake in Activision Blizzard by 32.4% in the 1st quarter. Comgest Global Investors S.A.S. now owns 126,400 shares of the company's stock valued at $5,966,000 after acquiring an additional 34,500 shares during the period.

Bp Plc purchased a new stake in Activision Blizzard, Inc. Conning Inc. lifted its stake in Activision Blizzard by 6.0% in the 1st quarter.

Activision Blizzard (NASDAQ:ATVI) just had their share rating of a "Overweight" issued by research analysts at Piper Jaffray, who now has a $55 TP on the $38.64 billion market cap company or a 15.47 % upside potential. KMG Fiduciary Partners LLC increased its stake in Activision Blizzard by 35.5% during the second quarter. The stock has an average rating of Buy and a consensus price target of $60.20. Bank of America maintained it with "Neutral" rating and $54 target in Wednesday, February 13 report.

ATVI stock opened at $48.06 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.33 and a beta of 0.90. The firm's fifty day moving average price is $47.24. On Wednesday, February 13 the stock rating was maintained by Bernstein with "Hold". Activision Blizzard has $64 highest and $5000 lowest target.

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Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, August 8th. Analysts polled by Investing.com anticipated EPS of $0.26 on revenue of $1.19B.

For the third quarter, Activision Blizzard is expecting earnings of USD 0.20 per share on revenues of USD 1.11 Billion, which is well below analysts' estimates of USD 1.36 Billion. The adjusted earnings per share outlook at $0.20 also lags the $0.39 consensus. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. (NASDAQ:ATVI) news were published by: Nasdaq.com which released: "Activision Blizzard (ATVI) Down 12.1% Since Last Earnings Report: Can It Rebound?"

In related news, insider Christopher B. Walther sold 11,333 shares of Activision Blizzard stock in a transaction on Monday, July 1st. The stock was sold at an average price of $50.34, for a total value of $268,463.22. The disclosure for this sale can be found here. Insiders sold a total of 21,332 shares of company stock valued at $1,021,187 in the last quarter. ValuEngine raised shares of Activision Blizzard from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st. (NASDAQ:ATVI). Alps Advsrs Incorporated holds 9,452 shares or 0% of its portfolio.

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices.

During the latest quarter, Activision Blizzard had 327 million monthly active users and King had 258 million. The firm develops, publishes, and sells interactive software products and entertainment content through retail channels or digital downloads; and downloadable content.

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