Share on StockTwits

Shares of Electronic Arts (NASDAQ:EA) were the target of a large drop in short interest in the month of May. As of May 30th, there was short interest totalling 14,164,747 shares, a drop of 14.1% from the May 15th total of 16,491,716 shares, AmericanBankingNews.com reports. Approximately 4.7% of the shares of the company are short sold. Based on an average trading volume of 2,997,410 shares, the short-interest ratio is presently 4.7 days.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Electronic Arts from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $42.00 price target on the stock. Separately, analysts at Longbow Research raised their price target on shares of Electronic Arts from $36.00 to $39.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Electronic Arts from $33.00 to $40.00 in a research note on Monday, May 12th. They now have a “strong-buy” rating on the stock. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.18.

Shares of Electronic Arts (NASDAQ:EA) opened at 35.70 on Tuesday. Electronic Arts has a 52 week low of $20.47 and a 52 week high of $35.90. The stock’s 50-day moving average is $33.54 and its 200-day moving average is $28.. The company has a market cap of $11.229 billion and a price-to-earnings ratio of 1372.31.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.37. The company had revenue of $914.00 million for the quarter, compared to the consensus estimate of $812.09 million. During the same quarter last year, the company posted $0.55 earnings per share. Electronic Arts’s revenue was down 12.1% compared to the same quarter last year. On average, analysts predict that Electronic Arts will post $1.89 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.

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.