Ascendiant Capital Markets Increases Electronic Arts (NASDAQ:EA) Price Target to $160.00

Electronic Arts (NASDAQ:EA - Get Free Report) had its price objective lifted by research analysts at Ascendiant Capital Markets from $157.00 to $160.00 in a report released on Monday, Marketbeat.com reports. The firm currently has a "buy" rating on the game software company's stock. Ascendiant Capital Markets' price objective suggests a potential upside of 20.31% from the stock's previous close.

Other research analysts also recently issued reports about the company. Oppenheimer dropped their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. BNP Paribas lowered Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. BMO Capital Markets lowered their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Bank of America boosted their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $154.78.

Electronic Arts Trading Up 0.9 %

NASDAQ:EA traded up $1.17 on Monday, reaching $132.99. 885,999 shares of the stock traded hands, compared to its average volume of 4,331,855. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts has a 1-year low of $115.21 and a 1-year high of $168.50. The company's 50 day moving average is $134.37 and its 200-day moving average is $145.47. The firm has a market capitalization of $34.66 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

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

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now directly owns 47,615 shares in the company, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now owns 9,516 shares of the company's stock, valued at $1,238,126.76. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $3,428,645 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds have recently made changes to their positions in EA. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the third quarter worth about $25,000. Putney Financial Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $26,000. Pinnacle Bancorp Inc. raised its holdings in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC purchased a new position in Electronic Arts in the fourth quarter valued at approximately $32,000. Finally, LGT Financial Advisors LLC bought a new position in Electronic Arts during the fourth quarter valued at $33,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Company Profile

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.