Investors Buy Large Volume of Electronic Arts Put Options (EA)
Shares of Electronic Arts (NYSE:EA) saw unusually large options trading on Monday. Stock investors purchased 16,311 put options on the company, AnalystRatings.NET reports. This represents an increase of approximately 203% compared to the average volume of 5,388 put options.
A number of research firms have recently commented on EA. Analysts at Brean Capital reiterated a “buy” rating on shares of Electronic Arts in a research note to investors on Wednesday, September 18th. Separately, analysts at Hilliard Lyons downgraded shares of Electronic Arts 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 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 issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $23.24.
Shares of Electronic Arts (NYSE:EA) traded down 2.12% during mid-day trading on Monday, hitting $24.50. 4,032,825 shares of the company’s stock traded hands. Electronic Arts has a one year low of $11.80 and a one year high of $28.13. The stock has a 50-day moving average of $26.02 and a 200-day moving average of $23.36. The company has a market cap of $7.512 billion and a P/E ratio of 66.57.
Electronic Arts (NYSE:EA) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $1.23 earnings per share 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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