Electronic Arts (NASDAQ: EA) Moffett Nathanson cuts to neutral


Electronic Arts (NASDAQ: EA – Get Rating) According to a report from Briefing.com, a research report published on Friday was downgraded from a “buy” rating to a “neutral” rating by Moffett Nathanson. They are currently setting a target price of $ 147.00 for the shares of the gaming software company, up from the previous target price of $ 141.00. Moffett Nathanson’s price target shows a potential increase of 8.24% from the previous closing price of the stock.

Many other research analysts have recently commented on the company. StockNews.com has upgraded Electronic Arts from a “pending” rating to a “buying” rating in a survey note on Thursday, May 19th. TheStreet upgraded Electronic Arts from a “c +” rating to a “b” rating in a research note on Friday, May 20th. Raymond James lowered Electronic Arts’ pricing target from $ 158.00 to $ 150.00 in a research note on Wednesday, May 11th. Stifel Nicolaus lowered Electronic Arts’ pricing target from $ 165.00 to $ 155.00 in a survey note on Thursday, April 21st. Finally, the Goldman Sachs Group raised its price target for Electronic Arts from $ 125.00 to $ 133.00 in a Thursday survey note. Six investment analysts evaluated the shares by hold rating, and 16 assigned birating to the company’s shares. According to MarketBeat.com data, the stock currently has a consensus valuation of “buy” and a consensus target price of $ 155.29.

EA shares opened on Friday at $ 135.81. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt equity ratio of 0.25. The company has a market capitalization of $ 38.01 billion, a price-earnings ratio of 49.21, a price-earnings ratio of 2.26 and a beta of 0.81. Electronic Arts has a 12-month low price of $ 109.24 and a 12-month high price of $ 148.93. The 50-day simple moving average for stocks is $ 127.60 and the 200-day simple moving average is $ 128.84.

Electronic Arts (NASDAQ: EA – Get Rating) last released its quarterly financial data on Tuesday, May 10. The gaming software company reported a quarterly EPS of $ 0.82, but is missing an analyst consensus estimate of $ 1.04 ($ 0.22). The company’s first-quarter revenue was $ 1.75 billion, while a consensus estimate was $ 1.77 billion. Electronic Arts had a return on equity of 18.99% and a net profit margin of 11.29%. Electronic Arts quarterly revenue increased 17.5% compared to the same quarter last year. In the same quarter of the previous year, the company made a profit of $ 0.72 per share. On average, research analysts predict that Electronic Arts will release 5.52 EPS this fiscal year.

In other news, insider Jacob J. Schatz sold 1,000 shares of the company in a deal on Wednesday, March 16. The stock sold at an average price of $ 121.29 and the total transaction value was $ 121,290.00. The sale was disclosed in the Securities and Exchange Commission filings available from this link. CEO Andrew Wilson also sold 10,000 shares in a transaction on Tuesday, March 29. The stock sold for an average price of $ 128.58 and a total of $ 1,285,800.00. Disclosure of this sale can be found here. In the last 90 days, insiders have sold 53,638 shares worth $ 6,984,354. Currently, 0.65% of the shares are owned by insiders of the company.

Institutional investors have recently changed their equity positions. Equitec Proprietary Markets LLC won a new position in Electronic Arts worth about $ 25,000 in the fourth quarter. Tortoise Investment Management LLC increased its position in Electronic Arts by 294.1% in the first quarter. Tortoise Investment Management LLC owns 201 shares of a gaming software company worth $ 25,000 after purchasing an additional 150 shares in the previous quarter. Industrial Alliance Investment Management, Inc. acquired a new position in Electronic Arts worth approximately $ 28,000 in the fourth quarter. Old North State Trust LLC increased its position in Electronic Arts by 59.2% in the fourth quarter. Old North State Trust LLC owns 242 shares of a gaming software company worth $ 32,000 after purchasing an additional 90 shares in the previous quarter. Finally, Tyler Stone Wealth Management gained a new position in Electronic Arts worth about $ 33,000 in the fourth quarter. 89.28% of the shares are owned by hedge funds and other institutional investors.

About Electronic Arts (Get evaluation)

Electronic Arts Inc develops, sells, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets around the world. Mainly Battlefield, The Sims, Apex Legends, Need for Speed, Plant vs.

References

Analyst Recommendations for Electronic Arts (NASDAQ: EA)



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