Traders Purchase High Volume of Electronic Arts Put Options (EA)
Electronic Arts (NYSE:EA) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 13,910 put options on the stock, American Banking News reports. This is an increase of approximately 253% compared to the typical daily volume of 3,936 put options.
Several analysts have recently commented on the stock. Analysts at Hudson Square Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at CRT Capital initiated coverage on shares of Electronic Arts in a research note to investors on Thursday, January 16th. They set a “buy” rating and a $26.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Electronic Arts from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 14th. They now have a $29.00 price target on the stock, down previously from $30.00. Twelve equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus target price of $25.58.
Electronic Arts (NYSE:EA) traded up 1.63% on Tuesday, hitting $24.87. 14,129,053 shares of the company’s stock traded hands. Electronic Arts has a 52 week low of $14.62 and a 52 week high of $28.13. The stock’s 50-day moving average is $23.01 and its 200-day moving average is $24.83. The company has a market cap of $7.688 billion and a price-to-earnings ratio of 33.29.
Electronic Arts (NYSE:EA) last issued its quarterly earnings data on Monday, January 27th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.02. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company posted $0.57 earnings per share. Electronic Arts’s revenue was up 33.0% compared to the same quarter last year. Analysts expect that Electronic Arts will post $1.28 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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