Media headlines about Electronic Arts (NASDAQ:EA) have trended somewhat positive on Friday, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Electronic Arts earned a daily sentiment score of 0.17 on Alpha One’s scale. Alpha One also assigned news stories about the game software company an impact score of 80 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Alpha One Sentiment’s analysis:
- Zacks Investment Research Lowers Electronic Arts Inc. (EA) to Sell (americanbankingnews.com)
- Why Is Electronic Arts (EA) Up 5.8% Since the Last Earnings Report? (finance.yahoo.com)
- Electronic Arts Inc. (EA) Lowered to Hold at Vetr Inc. (americanbankingnews.com)
- Insider Selling: Electronic Arts Inc. (EA) SVP Sells 2,200 Shares of Stock (americanbankingnews.com)
- SVP and General Counsel of Electronic Arts Inc (NASDAQ:EA), Schatz Jacob J., sells 2,200 shares worth $197,321 (empowerednews.net)
A number of research analysts recently commented on EA shares. Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, December 27th. Benchmark Co. reaffirmed a “buy” rating and issued a $105.16 target price (up from $101.94) on shares of Electronic Arts in a research report on Wednesday, February 1st. Jefferies Group LLC increased their target price on shares of Electronic Arts from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Vetr raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $83.15 target price on the stock in a research report on Monday, January 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $80.00 target price on shares of Electronic Arts in a research report on Thursday, April 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $90.98.
Electronic Arts (NASDAQ:EA) traded up 0.80% during mid-day trading on Friday, hitting $91.94. 1,830,779 shares of the stock traded hands. Electronic Arts has a 1-year low of $61.10 and a 1-year high of $91.96. The stock has a 50-day moving average of $89.25 and a 200 day moving average of $83.38. The firm has a market cap of $28.34 billion, a price-to-earnings ratio of 22.32 and a beta of 0.65.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 31st. The game software company reported $2.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.15. Electronic Arts had a net margin of 28.10% and a return on equity of 27.22%. The company earned $2.07 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company earned $1.83 EPS. Electronic Arts’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that Electronic Arts will post $3.83 EPS for the current year.
In other Electronic Arts news, CEO Andrew Wilson sold 8,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $86.96, for a total transaction of $695,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jacob J. Schatz sold 2,200 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $87.40, for a total transaction of $192,280.00. The disclosure for this sale can be found here. Insiders sold a total of 109,379 shares of company stock valued at $9,407,770 over the last three months. 3.46% of the stock is owned by corporate insiders.
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About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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