Insider Selling: Denise Warren Sells 2,500 Shares of Electronic Arts Stock (EA)
Electronic Arts (NASDAQ:EA) Director Denise Warren unloaded 2,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $36.62, for a total value of $91,550.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $366,200. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
EA has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Electronic Arts from $43.00 to $49.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Electronic Arts from $40.00 to $46.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Electronic Arts from $38.00 to $44.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Electronic Arts has a consensus rating of “Buy” and a consensus price target of $41.49.
Shares of Electronic Arts (NASDAQ:EA) traded up 0.93% during mid-day trading on Tuesday, hitting $37.01. The stock had a trading volume of 4,241,135 shares. Electronic Arts has a 1-year low of $20.47 and a 1-year high of $38.64. The stock’s 50-day moving average is $35.85 and its 200-day moving average is $32.12. The company has a market cap of $11.570 billion and a P/E ratio of 95.00.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 22nd. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.23. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $709.15 million. During the same quarter last year, the company posted ($0.40) earnings per share. Electronic Arts’s revenue was up 56.6% compared to the same quarter last year. Analysts expect that Electronic Arts will post $1.92 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.
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