Electronic Arts (NASDAQ:EA) Price Target Raised to $160.00 at Benchmark

Electronic Arts (NASDAQ:EA) had its price target hoisted by analysts at Benchmark from $140.00 to $160.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the game software company’s stock. Benchmark’s target price would suggest a potential upside of 10.96% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Bank of America increased their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target on the stock. Oppenheimer reduced their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus price target of $155.65.

Electronic Arts Stock Down 0.1 %

Shares of EA opened at $144.20 on Monday. The company’s 50-day moving average price is $132.76 and its 200 day moving average price is $144.62. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $37.58 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, sell-side analysts forecast that Electronic Arts will post 4.71 earnings per share for the current year.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the sale, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $3,166,740 over the last three months. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently modified their holdings of the company. Putney Financial Group LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $26,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $32,000. LGT Financial Advisors LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $37,000. 90.23% of the stock is owned by institutional investors and hedge funds.

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.