Research Analysts’ Weekly Ratings Updates for Electronic Arts (EA)

Several analysts have recently updated their ratings and price targets for Electronic Arts (NASDAQ: EA):

• 9/19/2024 – Electronic Arts had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $170.00 price target on the stock.
• 9/19/2024 – Electronic Arts had its “neutral” rating reaffirmed by analysts at Roth Mkm. They now have a $154.00 price target on the stock.
• 9/18/2024 – Electronic Arts had its “hold” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $160.00 price target on the stock.
• 9/18/2024 – Electronic Arts had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $150.00 price target on the stock.
• 9/18/2024 – Electronic Arts had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $163.00 price target on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at Raymond James from $155.00 to $170.00. They now have an “outperform” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at Wedbush from $162.00 to $170.00. They now have an “outperform” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at Robert W. Baird from $150.00 to $170.00. They now have an “outperform” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at UBS Group AG from $143.00 to $155.00. They now have a “neutral” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at The Goldman Sachs Group, Inc. from $139.00 to $150.00. They now have a “neutral” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at TD Cowen from $163.00 to $183.00. They now have a “buy” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at Benchmark Co. from $153.00 to $163.00. They now have a “buy” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at Bank of America Co. from $150.00 to $170.00. They now have a “buy” rating on the stock.
• 7/31/2024 – Electronic Arts had its price target raised by analysts at Stifel Nicolaus from $165.00 to $167.00. They now have a “buy” rating on the stock.
• 7/30/2024 – Electronic Arts had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $154.00 price target on the stock.
• 7/29/2024 – Electronic Arts had its price target raised by analysts at Roth Mkm from $135.00 to $152.00. They now have a “neutral” rating on the stock.

Electronic Arts Price Performance

EA stock traded up $0.81 during midday trading on Monday, reaching $140.36. 119,191 shares of the company’s stock traded hands, compared to its average volume of 2,109,453. The company has a 50-day simple moving average of $146.15 and a two-hundred day simple moving average of $137.73. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $153.51. The company has a market cap of $37.30 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.97 and a beta of 0.79.

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, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, analysts anticipate that Electronic Arts Inc. will post 5.89 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the transaction, the chief executive officer now owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares in the company, valued at approximately $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the transaction, the chief financial officer now owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The disclosure for this sale can be found here. Insiders sold a total of 28,570 shares of company stock worth $4,183,508 in the last quarter. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after acquiring an additional 11,343 shares in the last quarter. FORA Capital LLC boosted its holdings in Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after purchasing an additional 31,136 shares during the last quarter. Duality Advisers LP bought a new position in Electronic Arts in the first quarter valued at $1,711,000. Eaton Financial Holdings Company LLC acquired a new stake in Electronic Arts in the 4th quarter valued at $1,259,000. Finally, Scotia Capital Inc. lifted its position in Electronic Arts by 99.4% during the 4th quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock worth $2,372,000 after buying an additional 8,644 shares in the last quarter. Institutional investors 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.