Electronic Arts Inc. (NASDAQ:EA)‘s stock had its “buy” rating restated by research analysts at Wedbush in a research report issued on Wednesday. They presently have a $136.00 target price on the game software company’s stock. Wedbush’s price target suggests a potential upside of 13.71% from the company’s previous close.

Several other equities analysts also recently commented on EA. BidaskClub raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. KeyCorp reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research note on Friday, October 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a research note on Monday, October 2nd. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Electronic Arts has an average rating of “Buy” and a consensus price target of $122.75.

Electronic Arts (NASDAQ:EA) opened at 119.60 on Wednesday. The company has a market capitalization of $36.92 billion, a price-to-earnings ratio of 32.02 and a beta of 0.69. The company’s 50-day moving average price is $117.27 and its 200 day moving average price is $111.88. Electronic Arts has a 12 month low of $73.74 and a 12 month high of $122.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 31st. The game software company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.73). Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts forecast that Electronic Arts will post $4.25 EPS for the current fiscal year.

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In other Electronic Arts news, CEO Andrew Wilson sold 10,058 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $119.56, for a total value of $1,202,534.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $113.60, for a total transaction of $113,600.00. Following the completion of the transaction, the senior vice president now owns 20,950 shares in the company, valued at $2,379,920. The disclosure for this sale can be found here. Insiders sold 179,038 shares of company stock worth $21,345,710 over the last quarter. Insiders own 2.55% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans raised its position in shares of Electronic Arts by 8.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,300 shares of the game software company’s stock valued at $1,012,000 after purchasing an additional 860 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Electronic Arts by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 738,265 shares of the game software company’s stock valued at $66,093,000 after purchasing an additional 18,682 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at $22,511,000. HighTower Advisors LLC raised its position in shares of Electronic Arts by 7.1% during the 1st quarter. HighTower Advisors LLC now owns 5,965 shares of the game software company’s stock valued at $531,000 after purchasing an additional 394 shares during the period. Finally, Driehaus Capital Management LLC raised its position in shares of Electronic Arts by 38.9% during the 1st quarter. Driehaus Capital Management LLC now owns 8,216 shares of the game software company’s stock valued at $735,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Electronic Arts

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)

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