Electronic Arts (NASDAQ:EA) Rating Reiterated by Oppenheimer

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating restated by Oppenheimer in a research report issued on Friday, Benzinga reports. They presently have a $150.00 target price on the game software company’s stock. Oppenheimer’s target price would suggest a potential upside of 7.87% from the stock’s current price.

Other analysts also recently issued reports about the stock. Roth Mkm dropped their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. StockNews.com cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, BMO Capital Markets decreased their price target on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Stock Performance

Electronic Arts stock opened at $139.06 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 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. The company has a market cap of $36.95 billion, a PE ratio of 29.71, a PEG ratio of 2.20 and a beta of 0.80. The company’s 50-day moving average is $131.34 and its two-hundred day moving average is $134.82.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Equities analysts anticipate that Electronic Arts will post 5.7 earnings per share for the current year.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the transaction, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,539 shares of company stock valued at $3,089,969. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. grew its holdings 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 purchasing an additional 150 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings 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 purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Electronic Arts during the first quarter worth about $27,000. Larson Financial Group LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth about $30,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth about $31,000. Institutional investors own 90.23% of the company’s stock.

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.