Electronic Arts Inc. (NASDAQ:EA) Given Consensus Rating of “Moderate Buy” by Brokerages

Electronic Arts Inc. (NASDAQ:EA) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $146.72.

EA has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Benchmark reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday, April 23rd. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective on the stock. Finally, Roth Mkm cut their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday.

Electronic Arts Stock Performance

NASDAQ:EA opened at $128.18 on Friday. The stock has a market cap of $34.27 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average is $132.81 and its 200-day moving average is $134.52. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53.

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

Insider Activity

In other news, Director Jeff Huber sold 11,872 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the completion of the sale, the director now owns 79,381 shares in the company, valued at $11,264,163.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Luis A. Ubinas sold 4,872 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total transaction of $666,684.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction 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 owns 79,381 shares of the company’s stock, valued at approximately $11,264,163.90. The disclosure for this sale can be found here. Insiders sold a total of 34,344 shares of company stock worth $4,729,531 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors have recently bought and sold shares of the stock. Retirement Systems of Alabama grew its holdings in Electronic Arts by 3.6% during the first quarter. Retirement Systems of Alabama now owns 664,662 shares of the game software company’s stock worth $88,181,000 after buying an additional 23,218 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Norden Group LLC purchased a new stake in Electronic Arts during the 1st quarter worth about $1,236,000. Van ECK Associates Corp lifted its holdings in Electronic Arts by 18.2% during the 1st quarter. Van ECK Associates Corp now owns 404,713 shares of the game software company’s stock worth $53,693,000 after purchasing an additional 62,415 shares in the last quarter. Finally, SpiderRock Advisors LLC bought a new position in Electronic Arts in the 1st quarter worth about $359,000. 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.