Electronic Arts (NASDAQ:EA) Price Target Raised to $170.00

Electronic Arts (NASDAQ:EA) had its price target boosted by Wedbush from $162.00 to $170.00 in a research note released on Wednesday, Benzinga reports. Wedbush currently has an outperform rating on the game software company’s stock. Wedbush also issued estimates for Electronic Arts’ FY2025 earnings at $5.83 EPS.

EA has been the topic of several other research reports. UBS Group raised their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a neutral rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a neutral rating in a report on Monday, July 15th. Benchmark restated a buy rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday, July 18th. Stifel Nicolaus raised their price objective on Electronic Arts from $165.00 to $167.00 and gave the stock a buy rating in a report on Wednesday. Finally, Roth Mkm lifted their target price on Electronic Arts from $135.00 to $152.00 and gave the company a neutral rating in a report on Monday, July 29th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $160.16.

Electronic Arts Stock Performance

Electronic Arts stock opened at $148.83 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a fifty day moving average of $140.16 and a two-hundred day moving average of $135.98. The company has a market capitalization of $39.55 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.36 and a beta of 0.79. Electronic Arts has a fifty-two week low of $117.47 and a fifty-two week high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 16.26% and a net margin of 15.77%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, analysts anticipate that Electronic Arts will post 5.76 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total value of $127,150.00. Following the completion of the transaction, the executive vice president now directly owns 17,426 shares in the company, valued at $2,215,715.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total value of $127,150.00. Following the completion of the transaction, the executive vice president now directly owns 17,426 shares in the company, valued at $2,215,715.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 3,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the chief financial officer now owns 7,553 shares of the company’s stock, valued at $1,095,185. The disclosure for this sale can be found here. Insiders sold a total of 23,239 shares of company stock worth $3,197,469 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently made changes to their positions in EA. North Star Investment Management Corp. boosted its position in shares of Electronic Arts by 333.3% during the first 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 period. Cape Investment Advisory Inc. boosted its position in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the first quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the second quarter worth approximately $28,000. Finally, Larson Financial Group LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth approximately $30,000. 90.23% of the stock is currently 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.