Electronic Arts (NASDAQ:EA) Stock Price Expected to Rise, Wedbush Analyst Says

Electronic Arts (NASDAQ:EA) had its price target hoisted by investment analysts at Wedbush from $179.00 to $210.00 in a research report issued on Wednesday, MarketBeat reports. The firm currently has an “outperform” rating on the game software company’s stock. Wedbush’s target price would suggest a potential upside of 34.91% from the stock’s previous close.

Several other analysts have also recently commented on EA. Benchmark raised their price target on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus decreased their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Morgan Stanley upped their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $161.83.

Electronic Arts Trading Up 0.1 %

NASDAQ EA opened at $155.66 on Wednesday. The firm’s 50 day moving average price is $142.93 and its two-hundred day moving average price is $144.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market cap of $40.57 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 3.58 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities analysts anticipate that Electronic Arts will post 4.71 EPS for the current year.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $2,729,195 over the last three months. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Putney Financial Group LLC acquired a new position in Electronic Arts in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. grew its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Bank of Jackson Hole Trust increased its holdings in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the 4th quarter valued at $32,000. 90.23% of the stock is owned by institutional investors.

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.