Shares of Digital Arts (NASDAQ:EA) traded up 0.03% during trading on Tuesday, hitting $71.82.
Advertisement
EA has benefited from continued growth in digital revenue, and analysts think it can continue that strength with its coming slate of games, which includes “Star Wars Battlefront”. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. The company has a market cap of $22.31 billion and a P/E ratio of 26.68. (NASDAQ:EA) to report earnings per share of $-0.09 for the quarter ending 2015-06-30. Bank of America boosted their price objective on shares of Electronic Arts from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Saturday, July 18th. This is the consensus mean from the analysts who have issued ratings on the stock within the past year. The higher price target estimate for the stock has been calculated at $80 while the lower price target estimate is at $43. The stock was sold at an average price of $67.20, for a total value of $262,684.80. The report included, nevertheless, that “much of this is priced into the stock.”, the company’s analyst commented. Also, EVP Gabrielle B. Toledano sold 8,000 shares of the company’s stock in a trade on Monday, July 20th. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Brean Capital have set a target price of 78 Dollars on its stock. The stock was sold at an average price of $74.42, for a total transaction of $595,360.00.
Electronic Arts Inc. raised its guidance for its recently started fiscal year as the company turned in a better-than-expected performance for the quarter ended in June. The company has a consensus evaluation of Buy and an average target price of $71.64. The disclosure for this sale can be found here.
Electronic Arts Inc. develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices.
Electronic Arts Inc is a game applications content and services provider. Additionally, it supplies game software-related services. The Organization is organized around three offices: EA Maxis Studios and EA Mobile. The Company’s portfolio of brands includes wholly owned brands, such as Battlefield, Mass Effect, Need for Speed, The Sims, Bejeweled, and Plants v. Zombies. The Maxis department creates associated content, and games and services that engage player imagination.
Advertisement
Key Stat to Note: Monthly active users of EA’s mobile games averaged more than 150 million in the quarter.
