Electronic Arts (NASDAQ:EA) stock is expected to deviate a maximum of $8.51 from the average target price of $83.58 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $105 and the most muted being $64.
Electronic Arts Inc. has lost 0.38% in the last five trading days and dropped 1.12% in the last 4 weeks. Electronic Arts Inc. is up 14.93% in the last 3-month period. Year-to-Date the stock performance stands at 10.24%. Also, BMO Capital initiates coverage on Electronic Arts (NASDAQ:EA). The shares have now been rated Market Perform by the stock experts at the ratings house. The rating by the firm was issued on April 27, 2016.
Electronic Arts (NASDAQ:EA) : The consensus on Electronic Arts (NASDAQ:EA) based on 16 analyst recommendation on the company stock is 1.31, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Electronic Arts (NASDAQ:EA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.87 and $73.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.76, notching a gain of 2.74% for the day. The total traded volume was 3,371,102 . The stock had closed at $73.74 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Jorgensen Blake J, officer (EVP & Chief Financial Officer) of Electronic Arts Inc., had unloaded 10,100 shares at an average price of $75.25 in a transaction dated on June 21, 2016. The total value of the transaction was worth $760,025.
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Companys brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v. Zombies, as well as brands based on licensed intellectual property such as FIFA, Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios, Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories, including the FIFA, Madden NFL, Need for Speed, Battlefield, Mass Effect and Dragon Age. The Maxis division creates games, and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.