Activision Blizzard (ATVI) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 46 from a previous price target of $42 . Mizuho advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $43 .Company shares were Downgraded by MKM Partners on Jul 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .Company shares were Reiterated by Barclays on Jun 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .
On the company’s financial health, Activision Blizzard reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $1609.00 million for the quarter, compared to analysts expectations of $1447.97 million. The company’s revenue was up 112.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Activision Blizzard opened for trading at $40.94 and hit $41.105 on the upside on Thursday, eventually ending the session at $40.83, with a gain of 1.11% or 0.45 points. The heightened volatility saw the trading volume jump to 1,09,76,806 shares. Company has a market cap of $30,142 M.
In a different news, on Jun 15, 2016, Michael Morhaime (Pres. & CEO-Blizzard Ent.) sold 1,150,000 shares at $38.15 per share price. According to the SEC, on May 24, 2016, Stephen G Wereb (Principal Accounting Officer) sold 71,775 shares at $37.56 per share price. On May 18, 2016, Thomas Tippl (Chief Operating Officer) sold 300,000 shares at $39.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Activision Blizzard Inc. is a developer and publisher of online personal computer (PC) video game console handheld mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360) Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii) and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres including first-person action action/adventure role-playing simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.