StockNews.com Upgrades Electronic Arts (NASDAQ:EA) to “Buy”

Electronic Arts (NASDAQ:EA) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other research firms have also commented on EA. Deutsche Bank Aktiengesellschaft lowered their price objective on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Wedbush reaffirmed an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Stifel Nicolaus raised their target price on Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a report on Monday. Finally, UBS Group reduced their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Electronic Arts Price Performance

Electronic Arts stock opened at $139.52 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 firm has a market cap of $37.07 billion, a P/E ratio of 29.81, a P/E/G ratio of 2.24 and a beta of 0.80. The business’s fifty day moving average is $132.47 and its two-hundred day moving average is $134.94. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $144.53.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. Equities research analysts forecast that Electronic Arts will post 5.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the sale, the insider now directly owns 27,083 shares of the company’s stock, valued at approximately $3,597,164.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the sale, the chief executive officer now owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $106,256.00. Following the sale, the insider now directly owns 27,083 shares in the company, valued at $3,597,164.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,039 shares of company stock valued at $3,325,484. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

A number of institutional investors have recently modified their holdings of EA. North Star Investment Management Corp. lifted its stake in 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 worth $26,000 after purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the 4th 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 in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Electronic Arts in the 1st quarter worth approximately $27,000. Leith Wheeler Investment Counsel Ltd. lifted its stake in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after purchasing an additional 154,989 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Electronic Arts in the 4th quarter worth approximately $30,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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.