News stories about Electronic Arts (NASDAQ:EA) have trended somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Electronic Arts earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the game software company an impact score of 47.9311682380407 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- EA Says Ex-NFLers’ Game Likeness Suit Relies On ‘Say-So’ (law360.com)
- How Electronic Arts Is Staying in the Game (fool.com)
- EA confirms Battlefield V name and reveal date (techspot.com)
- Battlefield V officially confirmed by EA – is a release date coming next week? (thesun.co.uk)
- Battlefield V name confirmed as EA sets May 23 reveal (venturebeat.com)
Several brokerages have recently weighed in on EA. Wedbush set a $138.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Zacks Investment Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Monday. SunTrust Banks set a $140.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC raised 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. Finally, Piper Jaffray restated a “buy” rating and set a $145.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Electronic Arts currently has an average rating of “Buy” and an average price target of $139.92.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $125.97, for a total transaction of $1,322,685.00. Following the completion of the transaction, the chief financial officer now directly owns 141,514 shares of the company’s stock, valued at $17,826,518.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joel Linzner sold 6,000 shares of Electronic Arts stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $131.72, for a total transaction of $790,320.00. Following the transaction, the executive vice president now directly owns 18,340 shares of the company’s stock, valued at $2,415,744.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,754 shares of company stock valued at $9,753,988. 2.55% of the stock is currently owned by insiders.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
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