Electronic Arts’ (EA) “Outperform” Rating Reaffirmed at Oppenheimer

Oppenheimer restated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report released on Tuesday morning, Benzinga reports. Oppenheimer currently has a $150.00 target price on the game software company’s stock.

EA has been the subject of several other research reports. UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a report on Wednesday, March 27th. Benchmark reiterated a buy rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Wedbush restated an outperform rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus raised their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a report on Thursday, January 18th. Finally, BMO Capital Markets started coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an outperform rating and a $160.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $147.00.

Electronic Arts Stock Up 0.5 %

Electronic Arts stock opened at $127.90 on Tuesday. The company has a market capitalization of $34.19 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.78 and a beta of 0.76. The firm’s fifty day simple moving average is $133.38 and its 200-day simple moving average is $134.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Electronic Arts will post 5.35 earnings per share for the current fiscal year.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the transaction, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the firm’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 transaction, the insider now 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 a total of 37,144 shares of company stock worth $5,114,335 over the last three months. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently modified their holdings of EA. Cape Investment Advisory Inc. boosted its position in shares of Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Electronic Arts during the 1st quarter valued at approximately $27,000. Bray Capital Advisors increased its position in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the period. Larson Financial Group LLC acquired a new position in Electronic Arts during the 4th quarter worth approximately $30,000. Finally, Private Wealth Management Group LLC acquired a new position in Electronic Arts during the 4th quarter worth approximately $31,000. 90.23% of the stock is owned by institutional investors and hedge funds.

About Electronic Arts

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.