Electronic Arts (NASDAQ:EA) Rating Reiterated by Benchmark

Electronic Arts (NASDAQ:EA)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research note issued to investors on Thursday, Benzinga reports. They currently have a $153.00 price objective on the game software company’s stock. Benchmark’s target price indicates a potential upside of 20.22% from the company’s current price.

A number of other equities analysts also recently issued reports on EA. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets initiated coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. Finally, UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Stock Up 1.3 %

Shares of NASDAQ EA opened at $127.27 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 1.75 and a beta of 0.76. The stock has a 50 day moving average price of $134.75 and a 200 day moving average price of $134.30. Electronic Arts has a 52-week low of $117.47 and a 52-week high of $144.53.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 EPS. Sell-side analysts expect that Electronic Arts will post 5.36 earnings per share for the current year.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the transaction, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the transaction, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares in the company, valued at $3,941,904.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,144 shares of company stock valued at $5,143,560. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in EA. Quarry LP acquired a new position in shares of Electronic Arts during the fourth quarter worth about $26,000. Cape Investment Advisory Inc. grew its position in 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 buying an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth about $27,000. Resurgent Financial Advisors LLC acquired a new position in Electronic Arts during the fourth quarter worth about $26,000. Finally, Bray Capital Advisors grew its position in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares during the period. 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.