Oppenheimer Increases Electronic Arts (NASDAQ:EA) Price Target to $170.00

Electronic Arts (NASDAQ:EA) had its price objective boosted by equities researchers at Oppenheimer from $150.00 to $170.00 in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the game software company’s stock. Oppenheimer’s price objective points to a potential upside of 15.65% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday. Benchmark reiterated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, UBS Group cut their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.33.

Electronic Arts Stock Performance

NASDAQ:EA opened at $147.00 on Tuesday. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $148.22. 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 firm has a market capitalization of $39.06 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.33 and a beta of 0.79. The firm has a 50-day moving average price of $136.33 and a 200 day moving average price of $135.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Research analysts anticipate that Electronic Arts will post 5.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total value of $101,312.00. Following the completion of the transaction, the insider now owns 26,283 shares in the company, valued at approximately $3,328,479.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Electronic Arts news, CAO Eric Charles Kelly sold 3,000 shares of Electronic Arts stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the sale, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now directly owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The disclosure for this sale can be found here. Insiders sold 26,039 shares of company stock worth $3,517,006 in the last quarter. Insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

A number of institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. grew its holdings in shares of Electronic Arts by 333.3% in the 1st 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. grew its holdings in shares of Electronic Arts by 102.0% in 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 during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $28,000. Finally, Larson Financial Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $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.