Jefferies Financial Group started coverage on shares of Electronic Arts (NASDAQ:EA) in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm issued a hold rating and a $100.00 target price on the game software company’s stock. Jefferies Financial Group also issued estimates for Electronic Arts’ Q2 2020 earnings at $0.62 EPS, Q3 2020 earnings at $1.93 EPS and Q4 2020 earnings at $1.23 EPS.
A number of other brokerages have also weighed in on EA. Stifel Nicolaus raised shares of Kimbell Royalty Partners from a hold rating to a buy rating and set a $19.00 price target for the company in a research note on Thursday, May 9th. Barclays reaffirmed a sell rating and issued a $17.00 price target on shares of Infineon Technologies in a research note on Wednesday, May 8th. BMO Capital Markets set a $75.00 price target on shares of Westlake Chemical and gave the stock a hold rating in a research note on Tuesday, July 2nd. Needham & Company LLC reduced their price target on shares of 2U to $75.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Finally, William Blair reaffirmed a market perform rating on shares of Luminex in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $113.11.
NASDAQ EA opened at $92.82 on Thursday. Electronic Arts has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.19. The company has a market cap of $27.54 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The stock has a 50-day moving average price of $94.89.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.78 by $0.43. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. Electronic Arts’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Electronic Arts will post 3.77 earnings per share for the current year.
In other news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $92.03, for a total transaction of $828,270.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $91.79, for a total transaction of $477,308.00. Following the sale, the chief financial officer now owns 111,379 shares in the company, valued at approximately $10,223,478.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,544 shares of company stock valued at $10,006,838. Company insiders own 2.18% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EA. Icon Wealth Partners LLC acquired a new position in Electronic Arts in the 1st quarter valued at approximately $28,000. Valeo Financial Advisors LLC acquired a new position in Electronic Arts in the 2nd quarter valued at approximately $28,000. North Star Investment Management Corp. acquired a new position in Electronic Arts in the 1st quarter valued at approximately $29,000. Ropes Wealth Advisors LLC acquired a new position in Electronic Arts in the 1st quarter valued at approximately $34,000. Finally, Berman Capital Advisors LLC increased its stake in shares of Electronic Arts by 70.6% during the 1st quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 93.64% 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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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