Electronic Arts (EA) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Electronic Arts (NASDAQ: EA) in the last few weeks:

• 6/26/2024 – Electronic Arts was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 6/24/2024 – Electronic Arts had its price target raised by analysts at Stifel Nicolaus from $150.00 to $163.00. They now have a “buy” rating on the stock.
• 6/21/2024 – Electronic Arts had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $150.00 price target on the stock.
• 6/18/2024 – Electronic Arts was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/9/2024 – Electronic Arts had its price target lowered by analysts at BMO Capital Markets from $160.00 to $154.00. They now have an “outperform” rating on the stock.
• 5/9/2024 – Electronic Arts had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $153.00 to $150.00. They now have a “hold” rating on the stock.
• 5/9/2024 – Electronic Arts was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 5/8/2024 – Electronic Arts had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $162.00 price target on the stock.
• 5/8/2024 – Electronic Arts had its price target lowered by analysts at Robert W. Baird from $160.00 to $150.00. They now have an “outperform” rating on the stock.
• 5/2/2024 – Electronic Arts had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $162.00 price target on the stock.
• 5/1/2024 – Electronic Arts had its price target lowered by analysts at Roth Mkm from $140.00 to $135.00. They now have a “neutral” rating on the stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $140.57 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50-day moving average of $132.19 and a two-hundred day moving average of $134.91. The stock has a market cap of $37.35 billion, a P/E ratio of 30.04, a PEG ratio of 2.24 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. On average, research analysts expect that Electronic Arts Inc. will post 5.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total value of $101,312.00. Following the sale, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $132.24, for a total transaction of $330,600.00. Following the transaction, the chief executive officer now owns 64,247 shares in the company, valued at approximately $8,496,023.28. The disclosure for this sale can be found here. Insiders have sold 21,039 shares of company stock valued at $2,763,319 over the last quarter. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. North Star Investment Management Corp. boosted its stake in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares during the period. Cape Investment Advisory Inc. boosted its stake in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts in the 1st quarter worth approximately $27,000. Leith Wheeler Investment Counsel Ltd. boosted its stake in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after purchasing an additional 154,989 shares during the period. Finally, Larson Financial Group LLC acquired a new position in Electronic Arts in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.