Electronic Arts Inc. (NASDAQ:EA) Receives Average Recommendation of “Moderate Buy” from Analysts

Electronic Arts Inc. (NASDAQ:EA) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $146.72.

Several analysts recently weighed in on EA shares. Benchmark reissued a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Roth Mkm reduced their price objective on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th.

Electronic Arts Stock Performance

Shares of EA stock opened at $129.56 on Friday. The business’s 50-day moving average price is $132.25 and its 200-day moving average price is $134.44. Electronic Arts has a 12 month low of $117.47 and a 12 month high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $34.64 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 1.71 and a beta of 0.78.

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 analysts’ consensus estimates of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 earnings per share. Equities research analysts forecast that Electronic Arts will post 5.35 EPS for the current year.

Insider Transactions at Electronic Arts

In related news, COO Laura Miele sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total value of $256,300.00. Following the transaction, the chief operating officer now owns 32,772 shares of the company’s stock, valued at approximately $4,199,731.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Luis A. Ubinas sold 4,872 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total transaction of $666,684.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total transaction of $256,300.00. Following the completion of the sale, the chief operating officer now directly owns 32,772 shares of the company’s stock, valued at $4,199,731.80. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,087,143 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors have recently modified their holdings of EA. Bray Capital Advisors grew its stake in Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after purchasing an additional 110 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Cape Investment Advisory Inc. grew its position in Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Electronic Arts during the first quarter worth about $27,000. Finally, Leith Wheeler Investment Counsel Ltd. raised its position in Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after acquiring an additional 154,989 shares during the period. 90.23% of the stock is owned by institutional investors.

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.