Electronic Arts (NASDAQ:EA) Given “Outperform” Rating at Oppenheimer

Oppenheimer restated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $150.00 price target on the game software company’s stock.

EA has been the subject of several other research reports. Wedbush reissued an outperform rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a research report on Wednesday, March 27th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an outperform rating and a $160.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Finally, Benchmark reaffirmed a buy rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Eight equities research 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 stock. According to MarketBeat, Electronic Arts has an average rating of Moderate Buy and a consensus target price of $147.00.

Electronic Arts Stock Performance

Shares of EA opened at $127.90 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. The company has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.78 and a beta of 0.76. The company’s 50 day simple moving average is $133.38 and its 200 day simple moving average is $134.50. Electronic Arts has a 1 year low of $117.47 and a 1 year high of $144.53.

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

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeff Huber sold 11,872 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 79,381 shares of the company’s stock, valued at $11,264,163.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock worth $5,114,335 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Electronic Arts

Several institutional investors have recently added to or reduced their stakes in EA. CWM LLC raised its position in Electronic Arts by 18.1% in the 3rd quarter. CWM LLC now owns 3,746 shares of the game software company’s stock valued at $451,000 after buying an additional 573 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Electronic Arts by 41.4% in the 3rd quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company’s stock valued at $414,000 after acquiring an additional 1,007 shares in the last quarter. IFP Advisors Inc lifted its position in Electronic Arts by 20.6% during the third quarter. IFP Advisors Inc now owns 608 shares of the game software company’s stock valued at $73,000 after purchasing an additional 104 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Electronic Arts by 116.4% during the 3rd quarter. Global Retirement Partners LLC now owns 701 shares of the game software company’s stock worth $85,000 after acquiring an additional 377 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth about $235,000. 90.23% of the stock is currently owned by institutional investors.

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.