Electronic Arts' (EA) "Outperform" Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Electronic Arts (NASDAQ:EA - Free Report) in a report published on Thursday morning, Benzinga reports. Wedbush currently has a $162.00 target price on the game software company's stock.

Several other research firms have also recently weighed in on EA. Roth Mkm lowered their price target on Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a report on Wednesday. UBS Group dropped 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. Oppenheimer reaffirmed an outperform rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Finally, Benchmark restated a buy rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $146.72.

Electronic Arts Stock Up 0.2 %

Electronic Arts stock traded up $0.32 during trading hours on Thursday, hitting $128.50. The stock had a trading volume of 1,543,989 shares, compared to its average volume of 1,979,381. The stock's 50-day moving average price is $132.55 and its 200-day moving average price is $134.48. The stock has a market capitalization of $34.35 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.78. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business posted $2.29 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts anticipate that Electronic Arts will post 5.35 EPS for the current fiscal year.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the transaction, the chief executive officer now owns 23,430 shares of the company's stock, valued at approximately $2,980,061.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jeff Huber sold 11,872 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total value of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares in the company, valued at $11,264,163.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at $2,980,061.70. The disclosure for this sale can be found here. Insiders have sold a total of 34,344 shares of company stock worth $4,729,531 in the last three months. Insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds have recently added to or reduced their stakes in the stock. Bray Capital Advisors raised its holdings in shares of Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company's stock valued at $26,000 after acquiring an additional 110 shares in the last quarter. North Star Investment Management Corp. raised 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 purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in shares of 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 during the period. Redmont Wealth Advisors LLC purchased a new position in Electronic Arts during the first quarter valued at approximately $27,000. Finally, Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company's stock worth $29,000 after buying an additional 154,989 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

About Electronic Arts

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.