Traders Purchase High Volume of Electronic Arts Put Options (EA)
Shares of Electronic Arts (NYSE:EA) saw unusually large options trading on Tuesday. Investors purchased 9,668 put options on the stock, StockRatingsNetwork reports. This represents an increase of 275% compared to the average daily volume of 2,575 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 analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.24.
Electronic Arts (NYSE:EA) traded up 3.41% during mid-day trading on Tuesday, hitting $26.42. The stock had a trading volume of 5,934,184 shares. Electronic Arts has a 52 week low of $11.80 and a 52 week high of $28.13. The stock has a 50-day moving average of $26.8 and a 200-day moving average of $22.77. The company has a market cap of $8.101 billion and a P/E ratio of 67.95.
Electronic Arts (NYSE:EA) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported ($0.40) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.41) earnings per share. Electronic Arts’s revenue was up .8% compared to the same quarter last year. 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).
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