Electronic Arts Director Sells $91,550 in Stock (EA)
Electronic Arts (NASDAQ:EA) Director Denise Warren sold 2,500 shares of Electronic Arts stock in a transaction dated 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 sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $366,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Electronic Arts (NASDAQ:EA) opened at 37.555 on Thursday. 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 $35.8 and its 200-day moving average is $32.20. The company has a market cap of $11.740 billion and a P/E ratio of 97.29.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.40) earnings per share. The company’s quarterly revenue was up 56.6% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $1.92 earnings per share for the current fiscal year.
A number of research firms have recently commented on EA. 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 issued a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and an average price target of $41.49.
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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