Vetr upgraded shares of Electronic Arts (NASDAQ:EA) from a strong sell rating to a sell rating in a research note released on Tuesday morning. The firm currently has $99.63 target price on the game software company’s stock.
Other equities research analysts have also issued reports about the company. Needham & Company LLC reissued a buy rating and issued a $130.00 price objective on shares of Electronic Arts in a report on Friday, October 13th. Morgan Stanley reissued an overweight rating and issued a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Robert W. Baird reissued a buy rating and issued a $130.00 price objective on shares of Electronic Arts in a report on Wednesday, November 1st. Zacks Investment Research downgraded Electronic Arts from a buy rating to a hold rating in a research note on Thursday, November 2nd. Finally, Cowen restated a hold rating and issued a $104.00 target price on shares of Electronic Arts in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $122.85.
Shares of Electronic Arts (EA) traded up $0.90 on Tuesday, hitting $116.18. The company had a trading volume of 3,530,000 shares, compared to its average volume of 3,490,000. Electronic Arts has a 12 month low of $78.89 and a 12 month high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The company has a market cap of $35,870.00, a PE ratio of 30.65, a P/E/G ratio of 1.86 and a beta of 0.61.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Electronic Arts had a return on equity of 28.92% and a net margin of 23.35%. analysts anticipate that Electronic Arts will post 3.69 earnings per share for the current fiscal year.
In other news, insider Andrew Wilson sold 10,058 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $113.81, for a total transaction of $1,144,700.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Chris Bruzzo sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $113.78, for a total value of $170,670.00. Following the transaction, the executive vice president now directly owns 40,662 shares in the company, valued at $4,626,522.36. The disclosure for this sale can be found here. Insiders sold a total of 66,516 shares of company stock worth $7,243,795 over the last ninety days. Insiders own 2.55% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Bank & Trust bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $134,000. Tower Research Capital LLC TRC boosted its holdings in Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after acquiring an additional 783 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Electronic Arts in the third quarter worth $183,000. Finally, GHP Investment Advisors Inc. bought a new stake in Electronic Arts in the third quarter worth $202,000. 93.53% of the stock is currently owned by hedge funds and other institutional investors.
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About Electronic Arts
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.
To view Vetr’s full report, visit Vetr’s official website.
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