Electronic Arts (NASDAQ:EA) was upgraded by research analysts at Vetr from a “sell” rating to a “buy” rating in a research note issued on Monday. The brokerage currently has a $142.00 target price on the game software company’s stock. Vetr‘s target price suggests a potential upside of 12.19% from the stock’s current price.
A number of other equities analysts have also recently issued reports on EA. Needham & Company LLC lifted their target price on shares of Electronic Arts from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Piper Jaffray Companies restated a “buy” rating and set a $145.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. ValuEngine cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Wedbush restated a “buy” rating and set a $136.00 target price on shares of Electronic Arts in a research report on Thursday, January 25th. Finally, Buckingham Research lifted their target price on shares of Electronic Arts from $143.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $132.81.
Shares of Electronic Arts (NASDAQ EA) opened at $126.57 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24. The company has a market cap of $38,820.00, a PE ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.76. Electronic Arts has a fifty-two week low of $87.90 and a fifty-two week high of $131.01.
In related news, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $108.51, for a total transaction of $162,765.00. Following the completion of the transaction, the executive vice president now owns 38,362 shares of the company’s stock, valued at $4,162,660.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total transaction of $107,500.00. Following the transaction, the senior vice president now directly owns 18,950 shares of the company’s stock, valued at approximately $2,037,125. The disclosure for this sale can be found here. Insiders have sold 81,279 shares of company stock valued at $9,809,588 in the last ninety days. 2.55% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in Electronic Arts during the fourth quarter worth approximately $129,000. First Bank & Trust purchased a new stake in Electronic Arts during the fourth quarter worth approximately $134,000. Exane Derivatives purchased a new stake in Electronic Arts during the fourth quarter worth approximately $142,000. Bessemer Group Inc. grew its stake in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after buying an additional 783 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in Electronic Arts during the third quarter worth approximately $183,000. 95.45% of the stock is owned by hedge funds and other institutional investors.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
To view Vetr’s full report, visit Vetr’s official website.
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