Investors Buy Large Volume of Put Options on Electronic Arts (EA)
Shares of Electronic Arts (NYSE:EA) was the recipient of some unusual options trading on Monday. Stock traders bought 12,117 put options on the company, AmericanBankingNews.com reports. This represents an increase of approximately 174% compared to the typical daily volume of 4,425 put options.
A number of analysts have recently weighed in on EA shares. Analysts at Pacific Crest reiterated a “sector perform” rating on shares of Electronic Arts in a research note to investors on Thursday, December 5th. Separately, analysts at Hilliard Lyons upgraded shares of Electronic Arts from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. Finally, analysts at Thomson Reuters/Verus upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $24.04.
Electronic Arts (NYSE:EA) last released its earnings data on Tuesday, October 29th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $977.75 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis.
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.