Electronic Arts (NASDAQ:EA) PT Raised to $157.00 at Piper Sandler

Electronic Arts (NASDAQ:EA) had its price objective increased by research analysts at Piper Sandler from $133.00 to $157.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has an “overweight” rating on the game software company’s stock. Piper Sandler’s price target would indicate a potential upside of 10.86% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Nomura lifted their price objective on Electronic Arts from $120.00 to $132.00 in a research note on Wednesday, May 6th. Benchmark lifted their price objective on Electronic Arts from $143.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Stephens lifted their price objective on Electronic Arts from $130.00 to $145.00 in a research note on Friday, June 26th. JPMorgan Chase & Co. lifted their price target on Electronic Arts from $125.00 to $127.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Citigroup lifted their price target on Electronic Arts from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $139.96.

Shares of EA traded up $3.03 on Friday, reaching $141.62. 4,299,630 shares of the company’s stock traded hands, compared to its average volume of 1,833,045. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.05. The stock has a market cap of $40.89 billion, a PE ratio of 20.98, a PEG ratio of 4.93 and a beta of 0.94. The stock’s 50 day simple moving average is $133.51 and its two-hundred day simple moving average is $115.65. Electronic Arts has a 52-week low of $85.69 and a 52-week high of $142.84.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 5th. The game software company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.36. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. Electronic Arts had a return on equity of 21.69% and a net margin of 34.27%. Analysts forecast that Electronic Arts will post 3.94 earnings per share for the current year.

In related news, Director Jay C. Hoag sold 150,094 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $116.26, for a total transaction of $17,449,928.44. Following the transaction, the director now owns 84,561 shares in the company, valued at approximately $9,831,061.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $138.18, for a total value of $138,180.00. Following the transaction, the general counsel now owns 25,435 shares in the company, valued at approximately $3,514,608.30. The disclosure for this sale can be found here. In the last three months, insiders sold 178,467 shares of company stock valued at $21,007,091. 0.92% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Arden Trust Co bought a new position in Electronic Arts in the 1st quarter valued at approximately $26,000. M&R Capital Management Inc. lifted its position in Electronic Arts by 952.6% in the 2nd quarter. M&R Capital Management Inc. now owns 200 shares of the game software company’s stock valued at $26,000 after acquiring an additional 181 shares in the last quarter. Front Row Advisors LLC lifted its position in Electronic Arts by 904.0% in the 1st quarter. Front Row Advisors LLC now owns 251 shares of the game software company’s stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Heritage Wealth Advisors lifted its position in Electronic Arts by 225.3% in the 2nd quarter. Heritage Wealth Advisors now owns 732 shares of the game software company’s stock valued at $29,000 after acquiring an additional 507 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter valued at approximately $30,000. Institutional investors own 88.08% 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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