Electronic Arts Inc. (NASDAQ:EA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts also recently commented on the company. Piper Jaffray Companies raised their target price on Electronic Arts from $119.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, June 23rd. Benchmark Co. raised their target price on Electronic Arts from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Tuesday, June 20th. Mizuho restated a “buy” rating and issued a $115.00 target price on shares of Electronic Arts in a research note on Monday, June 12th. Morgan Stanley raised their target price on Electronic Arts from $114.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Finally, Credit Suisse Group restated a “buy” rating and issued a $114.00 target price on shares of Electronic Arts in a research note on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus target price of $106.11.

Electronic Arts (EA) traded down 0.90% on Friday, reaching $105.72. The company’s stock had a trading volume of 3,216,511 shares. The firm’s 50-day moving average price is $111.09 and its 200-day moving average price is $92.64. Electronic Arts has a 52-week low of $73.74 and a 52-week high of $116.04. The stock has a market cap of $32.78 billion, a price-to-earnings ratio of 34.32 and a beta of 0.59. Electronic Arts also was the recipient of unusually large options trading on Friday. Stock investors acquired 325 put options on the company. This represents an increase of 222% compared to the typical volume of 101 put options.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 9th. The game software company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.09 billion. Electronic Arts had a return on equity of 27.60% and a net margin of 19.96%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. On average, equities analysts expect that Electronic Arts will post $4.22 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/06/30/electronic-arts-inc-nasdaqea-downgraded-by-bidaskclub-to-hold.html.

In other news, SVP Kenneth A. Barker sold 26,701 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $109.00, for a total transaction of $2,910,409.00. Following the completion of the transaction, the senior vice president now directly owns 39,406 shares in the company, valued at approximately $4,295,254. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jacob J. Schatz sold 2,200 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $89.69, for a total transaction of $197,318.00. Following the transaction, the senior vice president now owns 18,380 shares of the company’s stock, valued at $1,648,502.20. The disclosure for this sale can be found here. Insiders sold a total of 450,628 shares of company stock valued at $47,030,293 over the last quarter. 2.55% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Guardian Life Insurance Co. of America raised its position in Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after buying an additional 34 shares during the period. Jaffetilchin Investment Partners LLC raised its position in Electronic Arts by 0.9% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,943 shares of the game software company’s stock worth $442,000 after buying an additional 45 shares during the period. ProVise Management Group LLC raised its position in Electronic Arts by 1.3% in the first quarter. ProVise Management Group LLC now owns 4,288 shares of the game software company’s stock worth $384,000 after buying an additional 53 shares during the period. San Francisco Sentry Investment Group CA raised its position in Electronic Arts by 1.4% in the first quarter. San Francisco Sentry Investment Group CA now owns 4,962 shares of the game software company’s stock worth $444,000 after buying an additional 67 shares during the period. Finally, Marietta Investment Partners LLC raised its position in Electronic Arts by 2.1% in the first quarter. Marietta Investment Partners LLC now owns 4,966 shares of the game software company’s stock worth $445,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Electronic Arts Company Profile

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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.