News articles about Electronic Arts (NASDAQ:EA) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Electronic Arts earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the game software company an impact score of 44.7418726542877 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- MLS, Electronic Arts Launch Esports League (law360.com)
- Low ‘Star Wars’ Sales Drive Electronic Arts Downgrade, Says Morgan Stanley (finance.yahoo.com)
- Should You Buy Electronic Arts Inc. Stock? 3 Pros, 3 Cons (investorplace.com)
- Why Electronic Arts Stock Gained 33.4% in 2017 (fool.com)
- 3 Reasons the Electronic Arts Inc. Stock Rally Is Just Getting Started (investorplace.com)
EA has been the subject of a number of recent research reports. Goldman Sachs Group downgraded shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets lowered their target price on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, Buckingham Research set a $143.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research note on Sunday, November 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $122.26.
Electronic Arts (NASDAQ EA) traded up $1.13 during trading on Friday, hitting $113.13. 3,467,371 shares of the stock traded hands, compared to its average volume of 3,730,000. The firm has a market capitalization of $34,930.00, a PE ratio of 29.85, a PEG ratio of 1.84 and a beta of 0.61. Electronic Arts has a 12 month low of $78.89 and a 12 month high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.
In other news, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the transaction, the chief financial officer now owns 159,114 shares in the company, valued at $17,956,014.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $113.60, for a total transaction of $113,600.00. Following the transaction, the senior vice president now owns 20,950 shares of the company’s stock, valued at approximately $2,379,920. The disclosure for this sale can be found here. Insiders sold 67,516 shares of company stock valued at $7,357,395 in the last quarter. Corporate insiders own 2.55% of the company’s stock.
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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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