Electronic Arts Inc. (NASDAQ:EA) had its price target lifted by Oppenheimer Holdings Inc. from $88.00 to $94.00 in a research note issued to investors on Friday morning. They currently have an outperform rating on the game software company’s stock.
Several other equities research analysts have also weighed in on EA. Zacks Investment Research lowered Electronic Arts from a buy rating to a hold rating in a research report on Tuesday, October 4th. Vetr lowered Electronic Arts from a strong-buy rating to a buy rating and set a $95.23 target price on the stock. in a research report on Monday, October 3rd. Benchmark Co. reaffirmed a hold rating and issued a $98.00 target price on shares of Electronic Arts in a research report on Thursday, September 22nd. Bank of America Corp. reaffirmed a buy rating on shares of Electronic Arts in a research report on Friday, September 16th. Finally, Morgan Stanley initiated coverage on Electronic Arts in a research report on Friday, September 23rd. They issued an overweight rating and a $101.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Electronic Arts presently has a consensus rating of Buy and a consensus target price of $89.02.
Shares of Electronic Arts (NASDAQ:EA) opened at 84.01 on Friday. Electronic Arts has a 12 month low of $53.01 and a 12 month high of $86.07. The firm’s 50 day moving average is $83.15 and its 200 day moving average is $75.94. The stock has a market capitalization of $25.27 billion, a price-to-earnings ratio of 23.66 and a beta of 0.63.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 return on equity of 24.97% and a net margin of 25.85%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. On average, equities analysts predict that Electronic Arts will post $3.64 earnings per share for the current fiscal year.
In other news, CEO Andrew Wilson sold 8,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $76.47, for a total transaction of $611,760.00. Following the transaction, the chief executive officer now owns 248,581 shares of the company’s stock, valued at approximately $19,008,989.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,100 shares of the stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $83.21, for a total value of $840,421.00. Following the transaction, the chief financial officer now directly owns 113,410 shares in the company, valued at approximately $9,436,846.10. The disclosure for this sale can be found here. Insiders own 3.46% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Archford Capital Strategies LLC raised its position 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. acquired a new stake in Electronic Arts during the second quarter worth about $168,000. SSI Investment Management Inc. acquired a new stake in Electronic Arts during the second quarter worth about $200,000. Stratos Wealth Partners LTD. acquired a new stake in Electronic Arts during the second quarter worth about $202,000. Finally, Starfire Investment Advisers Inc. acquired a new stake in Electronic Arts during the third quarter worth about $220,000.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
Receive News & Ratings for Electronic Arts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.