DZ Bank Upgrades Electronic Arts (NASDAQ:EA) to “Buy”

Electronic Arts (NASDAQ:EA) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, FinViz reports. The brokerage currently has a $177.00 target price on the game software company’s stock, up from their previous target price of $135.00. DZ Bank’s target price indicates a potential upside of 18.68% from the company’s previous close.

Several other analysts also recently issued reports on EA. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their price target on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.39.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $149.14 on Thursday. The stock has a market capitalization of $39.63 billion, a P/E ratio of 31.87, a PEG ratio of 1.97 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average price is $144.81 and its 200 day moving average price is $139.95. Electronic Arts has a twelve month low of $121.63 and a twelve month high of $153.51.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. As a group, research analysts anticipate that Electronic Arts will post 5.93 earnings per share for the current year.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at $4,579,823. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Stuart Canfield sold 1,260 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $3,652,410 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts during the 2nd quarter worth $33,000. New Covenant Trust Company N.A. acquired a new position in Electronic Arts during the first quarter worth $35,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts during the 3rd quarter worth about $36,000. Finally, Gradient Investments LLC boosted its stake in shares of Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.