Electronic Arts (NASDAQ:EA) Stock Rating Reaffirmed by Robert W. Baird

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reiterated by stock analysts at Robert W. Baird in a report released on Thursday, Benzinga reports. They currently have a $170.00 price target on the game software company’s stock. Robert W. Baird’s target price points to a potential upside of 21.04% from the stock’s current price.

EA has been the topic of a number of other research reports. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday. Raymond James lifted their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their price target on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Benchmark reiterated a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday. Finally, Wedbush raised their target price on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $140.45 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $37.32 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The stock’s 50-day moving average is $146.44 and its 200-day moving average is $137.66. Electronic Arts has a one year low of $117.47 and a one year high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities analysts predict that Electronic Arts will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares in the company, valued at $5,389,173.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the completion of the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at $1,488,078.53. The disclosure for this sale can be found here. Insiders have sold a total of 28,570 shares of company stock worth $4,183,508 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in Electronic Arts in the 2nd quarter valued at approximately $749,000. Ariadne Wealth Management LP acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at $506,000. Advisory Alpha LLC increased its holdings in Electronic Arts by 41.6% in the 2nd quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock worth $442,000 after purchasing an additional 931 shares in the last quarter. Old North State Trust LLC raised its position in Electronic Arts by 11.2% in the second quarter. Old North State Trust LLC now owns 1,679 shares of the game software company’s stock valued at $234,000 after purchasing an additional 169 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Electronic Arts by 6.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock valued at $712,000 after purchasing an additional 332 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.