Electronic Arts (NASDAQ:EA) Stock Rating Reaffirmed by Oppenheimer

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reissued by stock analysts at Oppenheimer in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $150.00 price objective on the game software company’s stock. Oppenheimer’s price objective would suggest a potential upside of 17.06% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Wedbush restated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. BMO Capital Markets assumed coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Benchmark reissued a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, UBS Group dropped their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight 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 stock has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Stock Performance

Shares of EA stock opened at $128.14 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a market capitalization of $34.26 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company’s 50 day moving average price is $134.00 and its two-hundred day moving average price is $134.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business earned $2.29 earnings per share. Electronic Arts’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts expect that Electronic Arts will post 5.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the company’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 owns 28,683 shares in the company, valued at $3,941,904.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,644 shares of company stock worth $4,796,360. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cape Investment Advisory Inc. grew its holdings in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 1st quarter worth approximately $27,000. Bray Capital Advisors boosted its holdings in shares of Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the period. Larson Financial Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth approximately $30,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth approximately $31,000. Institutional investors 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.