Somewhat Favorable News Coverage Somewhat Unlikely to Affect Electronic Arts (EA) Stock Price
News coverage about Electronic Arts (NASDAQ:EA) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Electronic Arts earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the game software company an impact score of 44.6686145014718 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- $2.03 Billion in Sales Expected for Electronic Arts Inc. (EA) This Quarter (americanbankingnews.com)
- eDiscovery Veteran John Munro to Explain Rise of Alternative Legal Service Providers and Impact on Industry at Legaltech 2018 (prweb.com)
- Electronic Arts’ (EA) Buy Rating Reaffirmed at Oppenheimer (americanbankingnews.com)
- Options Traders Expect Huge Moves in Electronic Arts (EA) Stock – Nasdaq (nasdaq.com)
- Morgan Stanley Less Bullish On Electronic Arts Inc. (EA) Amid “Star Wars Battlefront II” Debacle – StockNews.com (blog) (stocknews.com)
Electronic Arts (NASDAQ EA) traded up $0.90 during trading hours on Friday, hitting $116.18. The company had a trading volume of 3,530,000 shares, compared to its average volume of 3,450,000. 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 quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $35,870.00, a PE ratio of 30.65, a PEG ratio of 1.91 and a beta of 0.61.
A number of brokerages have issued reports on EA. Wedbush set a $136.00 price target on Electronic Arts and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research report on Wednesday, November 1st. Barclays decreased their target price on Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $122.85.
In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the completion of the sale, the senior vice president now owns 19,950 shares of the company’s stock, valued at $2,160,186. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $113.78, for a total value of $170,670.00. Following the sale, the executive vice president now directly owns 40,662 shares of the company’s stock, valued at approximately $4,626,522.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,516 shares of company stock valued at $7,243,795. 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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