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Electronic Arts (NASDAQ:EA) Earns Outperform Rating from Oppenheimer

Electronic Arts logo with Consumer Discretionary background

Electronic Arts (NASDAQ:EA - Get Free Report)'s stock had its "outperform" rating restated by analysts at Oppenheimer in a research note issued to investors on Friday, Benzinga reports. They presently have a $150.00 price objective on the game software company's stock. Oppenheimer's price target would suggest a potential upside of 7.87% from the company's previous close.

Several other equities analysts have also commented on EA. Wedbush reissued an "outperform" rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Electronic Arts from $153.00 to $150.00 and set a "hold" rating on the stock in a report on Thursday, May 9th. UBS Group decreased their target price on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a report on Wednesday, March 27th. Benchmark reissued a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Finally, StockNews.com lowered shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Tuesday. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.


Read Our Latest Stock Analysis on EA

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $1.21 during mid-day trading on Friday, reaching $139.06. 2,993,858 shares of the company were exchanged, compared to its average volume of 2,147,220. The company's 50-day simple moving average is $131.12 and its 200-day simple moving average is $134.83. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $36.95 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.20 and a beta of 0.80. Electronic Arts has a twelve month low of $117.47 and a twelve month high of $144.53.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. As a group, research analysts predict that Electronic Arts will post 5.7 earnings per share for the current year.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the sale, the chief executive officer now owns 25,930 shares in the company, valued at approximately $3,388,013.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the sale, the chief executive officer now owns 25,930 shares in the company, valued at approximately $3,388,013.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the company's stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the sale, the chief accounting officer now owns 7,458 shares of the company's stock, valued at approximately $997,507.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,539 shares of company stock worth $3,089,969. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Electronic Arts

Institutional investors have recently made changes to their positions in the company. NBW Capital LLC boosted its holdings in shares of Electronic Arts by 7.5% in the 1st quarter. NBW Capital LLC now owns 34,916 shares of the game software company's stock worth $4,632,000 after buying an additional 2,430 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Electronic Arts by 39.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,080 shares of the game software company's stock worth $137,000 after buying an additional 304 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Electronic Arts by 14.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 918,935 shares of the game software company's stock worth $120,247,000 after buying an additional 116,650 shares during the last quarter. Aurora Investment Counsel boosted its holdings in shares of Electronic Arts by 3.6% in the 1st quarter. Aurora Investment Counsel now owns 9,122 shares of the game software company's stock worth $1,210,000 after buying an additional 313 shares during the last quarter. Finally, Cetera Advisors LLC boosted its holdings in shares of Electronic Arts by 192.5% in the 1st quarter. Cetera Advisors LLC now owns 7,550 shares of the game software company's stock worth $1,002,000 after buying an additional 4,969 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

About Electronic Arts

(Get Free Report)

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.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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