Electronic Arts Inc. (NASDAQ:EA)‘s stock had its “hold” rating reissued by equities research analysts at Benchmark Co. in a research report issued on Thursday. They presently have a $98.00 price target on the game software company’s stock. Benchmark Co.’s target price points to a potential upside of 17.41% from the stock’s previous close.
EA has been the topic of several other reports. Vetr cut Electronic Arts from a “buy” rating to a “hold” rating and set a $84.80 target price on the stock. in a research report on Monday. Bank of America Corp. restated a “buy” rating on shares of Electronic Arts in a research report on Friday, September 16th. Stifel Nicolaus increased their price target on Electronic Arts from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research raised Electronic Arts from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Thursday, August 25th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price target on shares of Electronic Arts in a research note on Tuesday, August 23rd. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $87.32.
Electronic Arts (NASDAQ:EA) traded down 0.40% during trading on Thursday, hitting $83.14. The stock had a trading volume of 2,101,385 shares. The firm’s 50-day moving average price is $80.97 and its 200-day moving average price is $73.37. The stock has a market cap of $25.01 billion, a PE ratio of 23.42 and a beta of 0.72. Electronic Arts has a 1-year low of $53.01 and a 1-year high of $84.45.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. The business had revenue of $682 million for the quarter, compared to analysts’ expectations of $652.64 million. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. On average, equities research analysts predict that Electronic Arts will post $3.63 earnings per share for the current fiscal year.
In other news, EVP Peter R. Moore sold 10,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $83.81, for a total value of $838,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 8,000 shares of Electronic Arts stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $75.96, for a total value of $607,680.00. Following the completion of the transaction, the chief executive officer now owns 256,581 shares in the company, valued at $19,489,892.76. The disclosure for this sale can be found here. Company insiders own 3.46% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Archford Capital Strategies LLC increased its stake in Electronic Arts by 1,407.3% in the second quarter. Archford Capital Strategies LLC now owns 1,447 shares of the game software company’s stock worth $110,000 after buying an additional 1,351 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Electronic Arts during the second quarter worth $168,000. SSI Investment Management Inc. purchased a new stake in Electronic Arts during the second quarter worth $200,000. Stratos Wealth Partners LTD. purchased a new stake in Electronic Arts during the second quarter worth $202,000. Finally, First Republic Investment Management Inc. increased its stake in Electronic Arts by 7.0% in the first quarter. First Republic Investment Management Inc. now owns 3,338 shares of the game software company’s stock worth $221,000 after buying an additional 217 shares during the period.
About Electronic Arts
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.
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