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

Posted by on Jun 7th, 2023

Shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) have been assigned an average recommendation of “Hold” from the twenty-six analysts that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $136.88.

EA has been the subject of several research reports. Stifel Nicolaus raised their target price on Electronic Arts from $141.00 to $144.00 in a research note on Wednesday, May 10th. Barclays boosted their target price on Electronic Arts from $124.00 to $130.00 in a research note on Wednesday, May 10th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Friday, May 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Electronic Arts from $125.00 to $135.00 in a report on Tuesday, May 16th. Finally, TheStreet cut shares of Electronic Arts from a “b-” rating to a “c+” rating in a report on Thursday, February 23rd.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,840 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $120.00, for a total transaction of $700,800.00. Following the transaction, the chief executive officer now directly owns 74,434 shares in the company, valued at $8,932,080. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Electronic Arts news, COO Laura Miele sold 1,500 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $120.14, for a total value of $180,210.00. Following the transaction, the chief operating officer now directly owns 26,770 shares in the company, valued at approximately $3,216,147.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,840 shares of the company’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $120.00, for a total transaction of $700,800.00. Following the completion of the transaction, the chief executive officer now owns 74,434 shares in the company, valued at $8,932,080. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,839 shares of company stock worth $4,738,239. Insiders own 0.37% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC lifted its position in Electronic Arts by 11.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock worth $439,000 after buying an additional 363 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Electronic Arts by 8.4% during the first quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock worth $564,000 after acquiring an additional 347 shares in the last quarter. Cibc World Market Inc. boosted its position in Electronic Arts by 3.8% during the 1st quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock worth $1,897,000 after acquiring an additional 548 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Electronic Arts by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock worth $109,653,000 after acquiring an additional 13,934 shares in the last quarter. Finally, Prudential PLC increased its stake in shares of Electronic Arts by 208.9% during the 1st quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock worth $1,785,000 after purchasing an additional 9,544 shares during the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.

Electronic Arts Stock Up 0.1 %

Shares of NASDAQ:EA opened at $127.14 on Wednesday. The business has a fifty day simple moving average of $125.94 and a 200 day simple moving average of $122.15. Electronic Arts has a 12-month low of $108.53 and a 12-month high of $141.46. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.26. The firm has a market cap of $34.87 billion, a P/E ratio of 44.30, a P/E/G ratio of 5.65 and a beta of 0.86.

Electronic Arts (NASDAQ:EA – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The game software company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.35). Electronic Arts had a return on equity of 16.42% and a net margin of 10.80%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Analysts predict that Electronic Arts will post 4.99 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, May 30th. Electronic Arts’s dividend payout ratio is 26.48%.

Electronic Arts Company Profile

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Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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