Electronic Arts (NASDAQ:EA - Get Free Report)'s stock had its "outperform" rating reissued by BMO Capital Markets in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $154.00 price objective on the game software company's stock. BMO Capital Markets' price target points to a potential upside of 6.12% from the stock's previous close.
Other equities research analysts have also issued research reports about the company. Citigroup lowered Electronic Arts from a "buy" rating to a "neutral" rating and increased their target price for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. TD Cowen upped their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Bank of America raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Benchmark reiterated a "buy" rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of "Moderate Buy" and a consensus price target of $161.94.
Check Out Our Latest Stock Report on EA
Shares of EA traded down $1.30 during mid-day trading on Wednesday, reaching $145.12. The company had a trading volume of 596,649 shares, compared to its average volume of 2,065,722. Electronic Arts has a fifty-two week low of $119.92 and a fifty-two week high of $153.51. The firm has a fifty day simple moving average of $145.26 and a 200-day simple moving average of $138.86. The stock has a market cap of $38.56 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, sell-side analysts anticipate that Electronic Arts will post 5.93 EPS for the current fiscal year.
In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now owns 29,190 shares in the company, valued at approximately $4,181,175.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now directly owns 29,190 shares in the company, valued at $4,181,175.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $142.42, for a total transaction of $356,050.00. Following the completion of the sale, the chief executive officer now directly owns 59,247 shares of the company's stock, valued at $8,437,957.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,270 shares of company stock worth $3,426,705. Insiders own 0.22% of the company's stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EA. PNC Financial Services Group Inc. grew its holdings in shares of Electronic Arts by 4.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 39,723 shares of the game software company's stock worth $5,434,000 after acquiring an additional 1,553 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Electronic Arts during the 4th quarter worth about $1,395,000. Kapitalo Investimentos Ltda purchased a new stake in Electronic Arts during the fourth quarter valued at about $57,000. Moody National Bank Trust Division boosted its holdings in shares of Electronic Arts by 2.2% in the first quarter. Moody National Bank Trust Division now owns 5,484 shares of the game software company's stock worth $728,000 after buying an additional 119 shares during the period. Finally, CWM LLC increased its position in shares of Electronic Arts by 21.1% in the first quarter. CWM LLC now owns 5,352 shares of the game software company's stock worth $710,000 after acquiring an additional 934 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Electronic Arts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Electronic Arts wasn't on the list.
While Electronic Arts currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.