Electronic Arts (NASDAQ:EA) Price Target Increased to $170.00 by Analysts at Raymond James

Electronic Arts (NASDAQ:EA) had its price target upped by Raymond James from $155.00 to $170.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the game software company’s stock. Raymond James’ price target would indicate a potential upside of 11.70% from the stock’s previous close.

Several other equities analysts have also issued reports on EA. Wedbush raised their price objective on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer raised their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Jefferies Financial Group began coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.75.

Electronic Arts Trading Up 2.1 %

NASDAQ:EA traded up $3.08 during trading hours on Wednesday, reaching $152.20. 2,175,792 shares of the stock were exchanged, compared to its average volume of 2,162,849. 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 business has a 50-day moving average of $139.29 and a two-hundred day moving average of $135.71. Electronic Arts has a twelve month low of $117.47 and a twelve month high of $153.51. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 2.32 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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). 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 analysts’ expectations of $1.78 billion. On average, equities analysts predict that Electronic Arts will post 5.75 EPS for the current year.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total transaction of $127,150.00. Following the sale, the executive vice president now directly owns 17,426 shares in the company, valued at approximately $2,215,715.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now directly owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the completion of the transaction, the executive vice president now directly owns 17,426 shares of the company’s stock, valued at $2,215,715.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,239 shares of company stock worth $3,197,469. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently modified their holdings of the business. North Star Investment Management Corp. boosted its holdings in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares during the period. Cape Investment Advisory Inc. lifted its position in shares of Electronic Arts by 102.0% in the fourth 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 bought a new stake in shares of Electronic Arts in the first quarter worth $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter worth $28,000. Finally, Larson Financial Group LLC bought a new stake in shares of Electronic Arts in the fourth quarter worth $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.