The shares opened for trading at $71.91 and hit $72.5 on the upside, eventually ending the session at $72.18, with a gain of 0.53% or 0.38 points.
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The Gross profit is forecasted at $487 million. The trade was revealed in a filing with the SECURITIES AND EXCHANGE COMMISSION, which can be accessible through this link.
For the current quarter, the company sees revenue, again, on a non-GAAP basis, of “approximately $1.075 billion”, below the average estimate for $1.128 billion. Finally, Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Saturday. Piper Jaffray lifted their target price on shares of Electronic Arts from $72.00 to $79.00 and gave the company an overweight rating in a report on Wednesday, July 15th.
Placing analyst ratings on a recommendation scale, Electronic Arts Inc. has a mean rating of 1.63. They issued a “buy” rating and a $75.00 price objective on the stock.
Credit Suisse has the most positive outlook on the company with a target price of $87 and an Outperform rating, while CM Research has the lowest outlook with a Sell rating and price target of $38. Jorgensen sold 3,909 shares of Digital Arts stock in a transaction dated Wednesday, July 1st. The report included, nevertheless, that “much of this is priced into the stock.”, the company’s analyst commented. The firm’s 50 day moving average is $69.06 and its 200-day moving average is $60.31.
In other Electronic Arts news, EVP Gabrielle B.
The market is mostly positive because of EA’s strong performance at Electronic Entertainment Expo (E3), mostly on the positive reception to its upcoming title, Star Wars: Battlefront. Toledano sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average cost of $74.42, for a total value of $595,360.00. The disclosure for this particular sale can be located here. The consensus target for these analysts sits at $68.633 for Electronic Arts Inc.
Analysts had been modeling $654 million and 2 cents a share. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices.
Electronic Arts Inc is a game applications content and services supplier. Additionally, it supplies game software-related services. The Company is structured around three offices: EA Maxis Studios and EA Cell. The Maxis department creates services which engage participant ingenuity, and associated content and games.
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Monthly active users for EA’s mobile titles averaged more than 150 million in Q1.
