Electronic Arts (NASDAQ:EA) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research report report published on Thursday, Benzinga reports. The brokerage currently has a $162.00 target price on the game software company’s stock.

Several other equities analysts have also issued reports on the company. Roth Mkm dropped their price objective on Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a report on Wednesday. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a research note on Wednesday, March 27th. Stifel Nicolaus lifted their target price on Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a research note on Thursday, January 18th. Oppenheimer restated an outperform rating and set a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. Finally, Benchmark reiterated a buy rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $146.72.

Electronic Arts Stock Up 0.8 %

Shares of NASDAQ EA traded up $1.06 during mid-day trading on Thursday, hitting $129.56. The company had a trading volume of 1,650,180 shares, compared to its average volume of 1,685,682. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a market capitalization of $34.64 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50-day simple moving average is $131.99 and its 200 day simple moving average is $134.43.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. Electronic Arts’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 EPS. On average, analysts predict that Electronic Arts will post 5.34 earnings per share for the current year.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares in the company, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock valued at $5,087,143 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors have recently made changes to their positions in EA. Commonwealth Equity Services LLC lifted its stake in shares of Electronic Arts by 4.4% during the third quarter. Commonwealth Equity Services LLC now owns 40,542 shares of the game software company’s stock valued at $4,881,000 after buying an additional 1,711 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Electronic Arts by 25.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,990 shares of the game software company’s stock valued at $1,564,000 after acquiring an additional 2,603 shares during the period. Xponance Inc. increased its position in Electronic Arts by 2.5% during the 3rd quarter. Xponance Inc. now owns 33,230 shares of the game software company’s stock worth $4,001,000 after purchasing an additional 799 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Electronic Arts by 4.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,988 shares of the game software company’s stock worth $3,370,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of Electronic Arts by 24.6% in the 3rd quarter. Simon Quick Advisors LLC now owns 2,054 shares of the game software company’s stock valued at $247,000 after acquiring an additional 406 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Company Profile

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.