Electronic Arts Inc. (NASDAQ:EA) had its price target lifted by research analysts at Stifel Nicolaus from $87.00 to $88.00 in a report released on Monday. The brokerage presently has a “buy” rating on the game software company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 6.55% from the stock’s previous close.

Several other equities research analysts have also weighed in on EA. Vetr upgraded Electronic Arts from a “sell” rating to a “buy” rating and set a $80.46 price objective on the stock in a research note on Wednesday, June 22nd. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Jefferies Group reiterated a “buy” rating on shares of Electronic Arts in a research note on Monday, July 11th. Macquarie reiterated an “outperform” rating and issued a $80.00 price objective on shares of Electronic Arts in a research note on Friday, July 22nd. Finally, Piper Jaffray Cos. upped their price objective on Electronic Arts from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $88.86.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Shares of Electronic Arts (NASDAQ:EA) opened at 82.59 on Monday. Electronic Arts has a 1-year low of $53.01 and a 1-year high of $86.07. The stock has a 50 day moving average price of $83.09 and a 200-day moving average price of $75.63. The company has a market cap of $24.84 billion, a P/E ratio of 23.26 and a beta of 0.63.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.09. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. The company had revenue of $682 million for the quarter, compared to analyst estimates of $652.64 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Analysts predict that Electronic Arts will post $3.64 earnings per share for the current fiscal year.

In other news, EVP Laura Miele sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $82.21, for a total value of $213,746.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 8,000 shares of Electronic Arts stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $76.47, for a total value of $611,760.00. Following the transaction, the chief executive officer now owns 248,581 shares of the company’s stock, valued at approximately $19,008,989.07. The disclosure for this sale can be found here. 3.46% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of EA. Synovus Financial Corp boosted its position in Electronic Arts by 0.3% in the second quarter. Synovus Financial Corp now owns 5,610 shares of the game software company’s stock worth $426,000 after buying an additional 17 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Electronic Arts by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,562 shares of the game software company’s stock worth $270,000 after buying an additional 74 shares during the last quarter. BOKF NA boosted its position in Electronic Arts by 0.6% in the second quarter. BOKF NA now owns 13,272 shares of the game software company’s stock worth $1,005,000 after buying an additional 80 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Electronic Arts by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 8,359 shares of the game software company’s stock worth $634,000 after buying an additional 101 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management boosted its position in Electronic Arts by 1.4% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,693 shares of the game software company’s stock worth $582,000 after buying an additional 108 shares during the last quarter.

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.

5 Day Chart for NASDAQ:EA

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