Electronic Arts (NASDAQ:EA) Rating Reiterated by Robert W. Baird

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reiterated by analysts at Robert W. Baird in a research note issued on Thursday, Benzinga reports. They presently have a $170.00 price objective on the game software company’s stock. Robert W. Baird’s target price would indicate a potential upside of 21.82% from the company’s current price.

Several other brokerages have also issued reports on EA. TD Cowen increased their price objective on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group began coverage on Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective for the company. Raymond James raised their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday. Finally, Roth Mkm restated a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a report on Thursday. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Electronic Arts Stock Performance

Shares of EA opened at $139.55 on Thursday. Electronic Arts has a one year low of $117.47 and a one year high of $153.51. The company has a 50-day moving average of $146.27 and a two-hundred day moving average of $137.70. The stock has a market cap of $37.08 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities research analysts expect that Electronic Arts will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares in the company, valued at $4,579,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The disclosure for this sale can be found here. Insiders sold a total of 28,570 shares of company stock worth $4,183,508 over the last quarter. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Hedge funds have recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after acquiring an additional 11,343 shares during the last quarter. FORA Capital LLC boosted its holdings in Electronic Arts by 209.7% in the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after acquiring an additional 31,136 shares during the last quarter. Duality Advisers LP bought a new position in Electronic Arts in the first quarter valued at about $1,711,000. Eaton Financial Holdings Company LLC bought a new position in Electronic Arts in the fourth quarter valued at about $1,259,000. Finally, Scotia Capital Inc. boosted its holdings in Electronic Arts by 99.4% in the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock valued at $2,372,000 after acquiring an additional 8,644 shares during the last quarter. Institutional investors 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.