Investors Buy Large Volume of Put Options on Electronic Arts (EA)
Shares of Electronic Arts (NYSE:EA) saw unusually large options trading on Friday. Traders acquired 7,852 put options on the company, Analyst Ratings Network reports. This is an increase of 339% compared to the average daily volume of 1,787 put options.
A number of analysts have recently weighed in on EA shares. Analysts at Brean Capital reiterated a “buy” rating on shares of Electronic Arts (NYSE:EA) in a research note to investors on Wednesday, September 18th. Separately, analysts at Hilliard Lyons downgraded shares of Electronic Arts (NYSE:EA) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. Finally, analysts at Benchmark Co. initiated coverage on shares of Electronic Arts (NYSE:EA) in a research note to investors on Friday, August 2nd. They set a “buy” rating and a $30.83 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.24.
Shares of Electronic Arts (NYSE:EA) traded down 0.76% during mid-day trading on Friday, hitting $25.95. The stock had a trading volume of 4,746,776 shares. Electronic Arts has a 52 week low of $11.80 and a 52 week high of $28.13. The stock’s 50-day moving average is $26.92 and its 200-day moving average is $22.62. The company has a market cap of $7.957 billion and a P/E ratio of 69.55.
Electronic Arts (NYSE:EA) last announced its earnings results on Tuesday, July 23rd. The company reported ($0.40) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.60) by $0.20. The company had revenue of $495.00 million for the quarter, compared to the consensus estimate of $453.75 million. During the same quarter in the prior year, the company posted ($0.41) earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Analysts expect that Electronic Arts will post $1.22 EPS for the current fiscal year.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE:EA).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.