Electronic Arts (NASDAQ:EA) Rating Reiterated by Wedbush

Wedbush reaffirmed their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report published on Friday, MarketBeat reports. They currently have a $170.00 target price on the game software company’s stock.

A number of other equities analysts also recently commented on EA. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group lifted their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Bank of America lifted their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Roth Mkm reaffirmed a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a research note on Thursday, September 19th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research note on Thursday, September 19th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.76.

Electronic Arts Stock Performance

EA opened at $144.18 on Friday. The firm has a market capitalization of $38.31 billion, a PE ratio of 30.81, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts has a twelve month low of $119.92 and a twelve month high of $153.51. The firm’s 50-day moving average price is $144.90 and its 200 day moving average price is $139.76. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. As a group, sell-side analysts expect that Electronic Arts will post 5.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Luis A. Ubinas sold 2,126 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $146.77, for a total transaction of $312,033.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now owns 56,747 shares in the company, valued at $8,448,493.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Luis A. Ubinas sold 2,126 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $146.77, for a total transaction of $312,033.02. The disclosure for this sale can be found here. Insiders have sold a total of 22,270 shares of company stock valued at $3,287,735 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 valued at $26,000 after buying an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $33,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts in the 1st quarter valued at $35,000. Institutional investors and hedge funds 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.