Electronic Arts Inc. (NASDAQ:EA) EVP Peter R. Moore sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $83.81, for a total value of $838,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Electronic Arts Inc. (NASDAQ:EA) traded down 0.71% during mid-day trading on Thursday, hitting $82.16. The stock had a trading volume of 3,188,498 shares. The stock has a 50-day moving average price of $79.39 and a 200 day moving average price of $72.09. Electronic Arts Inc. has a 12-month low of $53.01 and a 12-month high of $84.45. The firm has a market cap of $24.71 billion, a P/E ratio of 23.14 and a beta of 0.72.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The business earned $682 million during the quarter, compared to analysts’ expectations of $652.64 million. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts anticipate that Electronic Arts Inc. will post $3.63 EPS for the current fiscal year.
Several equities analysts have recently commented on EA shares. Vetr upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $84.80 price target on the stock in a research note on Monday, August 29th. Macquarie reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Electronic Arts in a research report on Friday, July 22nd. Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. BMO Capital Markets reaffirmed a “hold” rating on shares of Electronic Arts in a research report on Thursday, May 12th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $91.00 price objective on shares of Electronic Arts in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $86.70.
About Electronic Arts
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.