Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned an average rating of “Buy” from the twenty-three research firms that are presently covering the company. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $88.73.
EA has been the topic of a number of research analyst reports. Vetr raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $90.20 price target on the stock in a report on Monday, September 26th. Benchmark Co. reissued a “hold” rating and issued a $98.00 price target on shares of Electronic Arts in a report on Thursday, September 22nd. Bank of America Corp. reissued a “buy” rating on shares of Electronic Arts in a report on Friday, September 16th. Morgan Stanley initiated coverage on shares of Electronic Arts in a report on Friday, September 23rd. They issued an “overweight” rating and a $101.00 price target on the stock. Finally, Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Thursday, August 25th.
In other Electronic Arts news, CEO Andrew Wilson sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $85.03, for a total transaction of $4,251,500.00. Following the completion of the sale, the chief executive officer now directly owns 290,581 shares in the company, valued at approximately $24,708,102.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter R. Moore sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $75.83, for a total transaction of $606,640.00. Following the sale, the executive vice president now owns 111,732 shares of the company’s stock, valued at $8,472,637.56. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in EA. Archford Capital Strategies LLC raised its stake in shares of Electronic Arts by 1,407.3% in the second quarter. Archford Capital Strategies LLC now owns 1,447 shares of the game software company’s stock worth $110,000 after buying an additional 1,351 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Electronic Arts during the second quarter worth approximately $168,000. SSI Investment Management Inc. bought a new stake in shares of Electronic Arts during the second quarter worth approximately $200,000. Stratos Wealth Partners LTD. bought a new stake in shares of Electronic Arts during the second quarter worth approximately $202,000. Finally, Wetherby Asset Management Inc. bought a new stake in shares of Electronic Arts during the second quarter worth approximately $239,000.
Electronic Arts (NASDAQ:EA) opened at 85.40 on Tuesday. Electronic Arts has a one year low of $53.01 and a one year high of $85.83. The firm has a market cap of $25.69 billion, a price-to-earnings ratio of 24.06 and a beta of 0.72. The stock’s 50 day moving average is $82.10 and its 200-day moving average is $74.33.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.09. The business had revenue of $682 million for the quarter, compared to analyst estimates of $652.64 million. Electronic Arts had a net margin of 25.85% and a return on equity of 24.97%. Electronic Arts’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, equities research analysts expect that Electronic Arts will post $3.64 earnings per share for the current fiscal year.
Electronic Arts Company Profile
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.
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