Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Electronic Arts (EA) Stock Price
Headlines about Electronic Arts (NASDAQ:EA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news 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 headlines about the game software company an impact score of 45.3625409287558 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Analysts Anticipate Electronic Arts Inc. (EA) to Announce $1.16 EPS (americanbankingnews.com)
- Yahoo Finance Live: Market Movers – Mar 9th, 2018 (finance.yahoo.com)
- As spring nears, delicious futures melt. (theoptionsinsider.com)
- EA Slams Players Cert. Bid In Madden Likeness Suit (law360.com)
- WARNER BROS INTERACTIVE ENTERTAINMENT AND MORE TO ENTER ORIGIN ACCESS (cinelinx.com)
Shares of Electronic Arts (NASDAQ:EA) traded down $0.33 during trading on Friday, hitting $128.49. 2,573,825 shares of the company were exchanged, compared to its average volume of 4,230,000. Electronic Arts has a 1-year low of $87.90 and a 1-year high of $131.01. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.24. The firm has a market cap of $39,410.00, a PE ratio of 34.92, a P/E/G ratio of 2.34 and a beta of 0.76.
Several brokerages have recently weighed in on EA. Needham & Company LLC increased their target price on shares of Electronic Arts from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Vetr raised shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $124.90 target price for the company in a report on Thursday, March 1st. Piper Jaffray Companies reissued a “buy” rating and set a $145.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. ValuEngine lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Wedbush restated a “buy” rating and set a $136.00 target price on shares of Electronic Arts in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. Electronic Arts presently has an average rating of “Buy” and an average price target of $132.18.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $107.50, for a total value of $107,500.00. Following the completion of the transaction, the senior vice president now directly owns 18,950 shares of the company’s stock, valued at $2,037,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $108.51, for a total transaction of $162,765.00. Following the completion of the transaction, the executive vice president now directly owns 38,362 shares of the company’s stock, valued at $4,162,660.62. The disclosure for this sale can be found here. Insiders have sold a total of 81,279 shares of company stock worth $9,809,588 over the last 90 days. Corporate insiders own 2.55% of the company’s stock.
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Electronic Arts Company Profile
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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