Electronic Arts (NASDAQ: EA – Get Rating) In a research note issued to investors Thursday by Goldman Sachs Group equity analysts, The Fly reports that it has raised its price target from $ 125.00 to $ 133.00. The Goldman Sachs Group’s price target suggests a potential drop of 2.07% from the previous closing price of the stock.
Many other brokerage firms have also commented on EA. StockNews.com raised its shares in Electronic Arts from a “hold” valuation to a “buy” valuation in a report Thursday, May 19th. In a report Wednesday, May 11, Wedbush lowered Electronic Arts’ share price target from $ 180.00 to $ 164.00. Cohen lowered the Electronic Arts share price target from $ 180.00 to $ 158.00 in a report Wednesday, May 11. TheStreet raised its share of Electronic Arts from “c +” to “b” in its report on Friday, May 20th. Finally, in a report Wednesday, May 11, Robert W. Baird lowered Electronic Arts’ share price target from $ 165.00 to $ 140.00. Five investment analysts evaluated the stock on hold ratings and 17 issued bi-ratings on the stock. According to MarketBeat.com data, Electronic Arts currently has an average rating of “buy” and an average target price of $ 155.04.
Electronic Arts shares fell $ 3.41 on Thursday’s daytime trading to reach $ 135.81. 2,229,395 shares were exchanged for an average trading volume of 2,488,842 shares. The company has a market capitalization of $ 38.01 billion, a price-earnings ratio of 49.21, a price-earnings ratio of 2.29 and a beta of 0.81. 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 50-day simple moving average of $ 127.60 and a 200-day simple moving average of $ 128.84. Electronic Arts has a 52-week low of $ 109.24 and a 52-week high of $ 148.93.
Electronic Arts (NASDAQ: EA – Get Rating) announced its financial results on Tuesday, May 10. Gaming software companies reported quarterly earnings per share (EPS) of $ 0.82, but are missing an analyst’s consensus estimate of $ 1.04 ($ 0.22). Revenue for the quarter was $ 1.75 billion, compared to analysts’ estimated $ 1.77 billion. Electronic Arts had a return on equity of 18.99% and a net profit margin of 11.29%. The company’s revenue for the quarter increased by 17.5% compared to the same quarter last year. In the same quarter of last year, the business earned $ 0.72 EPS. On average, research analysts predict that Electronic Arts will release 5.52 EPS this fiscal year.
In other Electronic Arts news, CEO Andrew Wilson sold 10,000 shares of the company in a transaction on Tuesday, March 29. The shares were sold at an average price of $ 128.58 and the total transaction value was $ 1,285,800.00. The sale was disclosed in a filing with the SEC. It is available from the SEC website. Insider Jacob J. Schatz also sold 1,000 shares of the company in a transaction that took place on Wednesday, March 16. The stock sold at an average price of $ 121.29 and the total transaction value was $ 121,290.00. Disclosure of this sale can be found here. Insiders have sold a total of 53,638 shares of their shares for $ 6,984,354 over the past three months. 0.65% of the shares are owned by insiders.
Recently, several hedge funds and other institutional investors have bought and sold shares in the company. The Kentucky Teachers Retirement System raised its stake in Electronic Arts by 56.3% in the first quarter. The Teachers Retirement System in Kentucky owns 87,909 shares of a gaming software company for $ 11,121,000 after purchasing an additional 31,665 shares in the previous quarter. Mirae Asset Global Investments Co., Ltd. raised its stake in Electronic Arts by 2.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. owns 422,607 shares of the gaming software company for $ 53,464,000 after purchasing an additional 12,000 shares in the previous quarter. Ninety One UK Ltd increased its stake in Electronic Arts by 2.6% in the first quarter. Ninety One UK Ltd owns 4,313,726 shares of a gaming software company for $ 545,729,000 after purchasing an additional 107,266 shares in the previous quarter. Midwest Wealth Management Inc. increased its stake in Electronic Arts by 8.8% in the first quarter. Midwest Wealth Management Inc. owns 13,287 shares of the gaming software company for $ 1,681,000 after purchasing an additional 1,078 shares in the previous quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Electronic Arts by 255.1% in the first quarter. EverSource Wealth Advisors LLC owns 490 shares of the gaming software company for $ 62,000 after purchasing an additional 352 shares in the previous quarter. Institutional investors own 89.28% of the company’s stock.
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.
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