Electronic Arts’ (EA) “Buy” Rating Reiterated at Benchmark

Electronic Arts (NASDAQ:EA)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a report released on Wednesday, Benzinga reports. They currently have a $163.00 price target on the game software company’s stock. Benchmark’s price target would suggest a potential upside of 14.31% from the company’s current price.

A number of other research firms have also recently weighed in on EA. UBS Group upped their price target on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Raymond James increased their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Roth Mkm increased their target price on Electronic Arts from $135.00 to $152.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Bank of America increased their target price on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.28.

Electronic Arts Stock Down 2.7 %

EA opened at $142.59 on Wednesday. The firm has a 50 day moving average price of $146.40 and a 200 day moving average price of $137.65. The company has a market cap of $37.89 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. Electronic Arts has a 1 year low of $117.47 and a 1 year high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Sell-side analysts expect that Electronic Arts will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total value of $211,515.00. Following the completion of the sale, the chief financial officer now directly owns 10,553 shares in the company, valued at $1,488,078.53. The disclosure for this sale can be found here. Insiders have sold 28,570 shares of company stock valued at $4,183,508 over the last three months. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in shares of Electronic Arts during the second quarter valued at $749,000. Ariadne Wealth Management LP bought a new position in Electronic Arts during the second quarter valued at about $506,000. Advisory Alpha LLC boosted its stake in Electronic Arts by 41.6% during the second quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock valued at $442,000 after buying an additional 931 shares in the last quarter. Old North State Trust LLC boosted its stake in Electronic Arts by 11.2% during the second quarter. Old North State Trust LLC now owns 1,679 shares of the game software company’s stock valued at $234,000 after buying an additional 169 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Electronic Arts by 6.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock valued at $712,000 after buying an additional 332 shares in the last quarter. 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.