Ascendiant Capital Markets Analysts Give Electronic Arts (NASDAQ:EA) a $160.00 Price Target

Ascendiant Capital Markets set a $160.00 target price on Electronic Arts (NASDAQ:EAGet Rating) in a report issued on Monday morning, Stock Target Advisor reports.

A number of other analysts also recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Electronic Arts from $165.00 to $140.00 in a report on Wednesday, May 11th. Raymond James dropped their price objective on shares of Electronic Arts from $158.00 to $150.00 in a report on Wednesday, May 11th. Cowen dropped their price objective on shares of Electronic Arts from $180.00 to $158.00 in a report on Wednesday, May 11th. StockNews.com downgraded shares of Electronic Arts from a buy rating to a hold rating in a report on Tuesday, June 14th. Finally, Credit Suisse Group dropped their price objective on shares of Electronic Arts from $169.00 to $162.00 in a report on Wednesday, May 11th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $155.75.

Shares of NASDAQ EA opened at $128.96 on Monday. The firm’s 50-day moving average price is $128.58 and its 200-day moving average price is $129.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.25. The company has a market cap of $36.10 billion, a PE ratio of 46.72, a PEG ratio of 2.12 and a beta of 0.81. Electronic Arts has a 52-week low of $109.24 and a 52-week high of $147.76.

Electronic Arts (NASDAQ:EAGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The game software company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.22). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Electronic Arts had a net margin of 11.29% and a return on equity of 18.99%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. As a group, equities research analysts anticipate that Electronic Arts will post 5.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were paid a dividend of $0.19 per share. This is a boost from Electronic Arts’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is presently 27.54%.

In other news, CEO Andrew Wilson sold 10,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $128.58, for a total transaction of $1,285,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Bruzzo sold 2,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $128.39, for a total transaction of $256,780.00. Following the sale, the insider now owns 27,524 shares in the company, valued at approximately $3,533,806.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,438 shares of company stock worth $6,968,072. Company insiders own 0.65% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in EA. Equitec Proprietary Markets LLC bought a new stake in Electronic Arts in the fourth quarter worth $25,000. Tortoise Investment Management LLC boosted its stake in Electronic Arts by 294.1% during the first quarter. Tortoise Investment Management LLC now owns 201 shares of the game software company’s stock worth $25,000 after buying an additional 150 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in Electronic Arts during the fourth quarter worth $28,000. Old North State Trust LLC boosted its stake in Electronic Arts by 59.2% during the fourth quarter. Old North State Trust LLC now owns 242 shares of the game software company’s stock worth $32,000 after buying an additional 90 shares during the period. Finally, Tyler Stone Wealth Management purchased a new position in Electronic Arts during the fourth quarter worth $33,000. Institutional investors own 89.28% of the company’s stock.

Electronic Arts Company Profile (Get Rating)

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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