Ascendiant Capital Markets Analysts Give Electronic Arts (NASDAQ:EA) a $160.00 Price Target

Ascendiant Capital Markets set a $160.00 target price on Electronic Arts (NASDAQ:EAGet Rating) in a research note released on Monday morning, Stock Target Advisor reports.

EA has been the topic of several other research reports. Raymond James reduced their price target on shares of Electronic Arts from $158.00 to $150.00 in a research report on Wednesday, May 11th. Robert W. Baird reduced their price target on shares of Electronic Arts from $165.00 to $140.00 in a research report on Wednesday, May 11th. Stifel Nicolaus reduced their price target on shares of Electronic Arts from $165.00 to $155.00 in a research report on Thursday, April 21st. Wells Fargo & Company cut their target price on shares of Electronic Arts from $155.00 to $145.00 in a research report on Wednesday, May 11th. Finally, Cowen cut their target price on shares of Electronic Arts from $180.00 to $158.00 in a research report on Wednesday, May 11th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $155.75.

Shares of EA opened at $128.96 on Monday. Electronic Arts has a 12 month low of $109.24 and a 12 month high of $147.76. The firm’s 50 day moving average is $128.58 and its 200-day moving average is $129.12. The stock has a market capitalization of $36.10 billion, a PE ratio of 46.72, a P/E/G ratio of 2.12 and a beta of 0.81. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EAGet Rating) last announced its earnings results on Tuesday, May 10th. The game software company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.22). Electronic Arts had a return on equity of 18.99% and a net margin of 11.29%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. Equities research analysts predict that Electronic Arts will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were paid a $0.19 dividend. This is an increase from Electronic Arts’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date was Tuesday, June 7th. Electronic Arts’s payout ratio is 27.54%.

In other news, CEO Andrew Wilson sold 10,000 shares of Electronic Arts stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $128.58, for a total transaction of $1,285,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $126.85, for a total transaction of $101,480.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,438 shares of company stock valued at $6,968,072. Insiders own 0.65% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in EA. Tudor Investment Corp Et Al purchased a new position in Electronic Arts during the third quarter worth about $3,407,000. Beacon Pointe Advisors LLC boosted its holdings in Electronic Arts by 36.9% during the third quarter. Beacon Pointe Advisors LLC now owns 4,165 shares of the game software company’s stock worth $592,000 after purchasing an additional 1,123 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in Electronic Arts by 452.9% during the third quarter. Voloridge Investment Management LLC now owns 91,500 shares of the game software company’s stock worth $13,016,000 after purchasing an additional 74,950 shares during the last quarter. Toroso Investments LLC boosted its stake in Electronic Arts by 86.9% in the third quarter. Toroso Investments LLC now owns 5,462 shares of the game software company’s stock valued at $776,000 after acquiring an additional 2,540 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Electronic Arts by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 230,895 shares of the game software company’s stock valued at $32,844,000 after acquiring an additional 2,465 shares during the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.

About Electronic Arts (Get Rating)

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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