Electronic Arts Inc. (NASDAQ:EA) was downgraded by Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a $81.97 price objective on the game software company’s stock. Vetr‘s target price would indicate a potential upside of 3.77% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Mizuho restated a “buy” rating and issued a $84.00 price target on shares of Electronic Arts in a research note on Wednesday, August 3rd. MKM Partners boosted their price target on Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Jefferies Group restated a “buy” rating on shares of Electronic Arts in a research note on Monday, August 1st. Bank of America Corp. restated a “buy” rating on shares of Electronic Arts in a research note on Friday, September 16th. Finally, Stifel Nicolaus boosted their price target on Electronic Arts from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and an average price target of $89.85.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Electronic Arts (NASDAQ:EA) opened at 78.99 on Monday. The firm has a 50-day moving average price of $81.61 and a 200 day moving average price of $78.36. Electronic Arts has a 52 week low of $53.01 and a 52 week high of $86.07. The company has a market cap of $23.84 billion, a P/E ratio of 20.13 and a beta of 0.58.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.56. Electronic Arts had a return on equity of 23.03% and a net margin of 27.62%. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts expect that Electronic Arts will post $3.70 EPS for the current fiscal year.

In other news, SVP Samantha S. Smith sold 2,721 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $76.78, for a total value of $208,918.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Laura Miele sold 2,600 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $82.21, for a total value of $213,746.00. The disclosure for this sale can be found here. Company insiders own 3.46% of the company’s stock.

Large investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC increased its position in Electronic Arts by 32.5% in the third quarter. Quantitative Systematic Strategies LLC now owns 14,468 shares of the game software company’s stock valued at $1,220,000 after buying an additional 3,550 shares during the last quarter. Tuttle Tactical Management LLC purchased a new position in Electronic Arts during the third quarter valued at approximately $153,000. Credit Suisse AG increased its position in Electronic Arts by 45.7% in the third quarter. Credit Suisse AG now owns 654,653 shares of the game software company’s stock valued at $55,907,000 after buying an additional 205,458 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Electronic Arts by 11.6% in the third quarter. Ameritas Investment Partners Inc. now owns 12,591 shares of the game software company’s stock valued at $1,075,000 after buying an additional 1,305 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in Electronic Arts during the third quarter valued at approximately $320,000. Hedge funds and other institutional investors own 98.98% of the company’s stock.

About Electronic Arts

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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