Electronic Arts (NASDAQ:EA) had its target price upped by Stephens from $130.00 to $145.00 in a research note issued to investors on Friday morning, The Fly reports.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Electronic Arts from a strong-buy rating to a buy rating in a report on Thursday, June 4th. Citigroup increased their price target on Electronic Arts from $110.00 to $120.00 and gave the stock a neutral rating in a report on Wednesday, May 20th. Zacks Investment Research increased their price target on Electronic Arts to $120.00 in a report on Tuesday, May 5th. Deutsche Bank increased their price target on Electronic Arts from $110.00 to $125.00 and gave the stock a hold rating in a report on Thursday, May 28th. Finally, Nomura increased their price target on Electronic Arts from $120.00 to $132.00 in a report on Wednesday, May 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $129.31.
NASDAQ:EA opened at $130.69 on Friday. Electronic Arts has a 1-year low of $85.69 and a 1-year high of $133.60. The business’s 50-day moving average price is $122.37 and its two-hundred day moving average price is $110.93. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $37.80 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 4.61 and a beta of 0.91.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 5th. The game software company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.36. Electronic Arts had a return on equity of 16.79% and a net margin of 54.88%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Sell-side analysts predict that Electronic Arts will post 3.9 earnings per share for the current year.
In other Electronic Arts news, insider Vijayanthimala Singh sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $98.38, for a total transaction of $49,190.00. Following the completion of the sale, the insider now directly owns 8,677 shares of the company’s stock, valued at approximately $853,643.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 785 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $123.04, for a total value of $96,586.40. Following the sale, the insider now directly owns 23,688 shares of the company’s stock, valued at $2,914,571.52. The disclosure for this sale can be found here. Insiders have sold a total of 220,152 shares of company stock worth $25,181,682 in the last 90 days. 0.92% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Engrave Wealth Partners LLC bought a new position in shares of Electronic Arts in the fourth quarter worth $25,000. Arden Trust Co purchased a new stake in shares of Electronic Arts in the first quarter worth $26,000. Front Row Advisors LLC raised its position in shares of Electronic Arts by 904.0% in the first quarter. Front Row Advisors LLC now owns 251 shares of the game software company’s stock worth $29,000 after buying an additional 226 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the first quarter worth $30,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Electronic Arts in the first quarter worth $33,000. 87.98% of the stock is owned by institutional investors.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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