Vetr downgraded shares of Electronic Arts Inc. (NASDAQ:EA) from a buy rating to a hold rating in a report published on Monday. The firm currently has $84.80 price target on the game software company’s stock.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Other equities analysts have also issued research reports about the stock. Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $88.00 price objective on shares of Electronic Arts in a report on Wednesday, August 3rd. Pacific Crest reiterated a hold rating on shares of Electronic Arts in a report on Saturday, June 4th. Stifel Nicolaus reiterated a buy rating and issued a $80.00 price objective on shares of Electronic Arts in a report on Tuesday, July 12th. MKM Partners boosted their price objective on shares of Electronic Arts from $87.00 to $88.00 and gave the stock a buy rating in a report on Wednesday, August 3rd. Finally, Jefferies Group reiterated a buy rating on shares of Electronic Arts in a report on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $87.09.

Electronic Arts (NASDAQ:EA) opened at 82.77 on Monday. Electronic Arts has a 1-year low of $53.01 and a 1-year high of $84.45. The firm has a market capitalization of $24.89 billion, a PE ratio of 23.32 and a beta of 0.72. The firm’s 50-day moving average price is $80.60 and its 200-day moving average price is $73.16.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. Electronic Arts had a net margin of 25.85% and a return on equity of 24.97%. The firm had revenue of $682 million for the quarter, compared to analyst estimates of $652.64 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Electronic Arts will post $3.63 EPS for the current fiscal year.

In other Electronic Arts news, EVP Peter R. Moore sold 30,798 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $71.70, for a total value of $2,208,216.60. Following the completion of the sale, the executive vice president now owns 150,530 shares in the company, valued at approximately $10,793,001. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 8,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $75.96, for a total transaction of $607,680.00. Following the completion of the sale, the chief executive officer now owns 256,581 shares of the company’s stock, valued at approximately $19,489,892.76. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in EA. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Electronic Arts during the second quarter worth about $923,000. Kentucky Retirement Systems bought a new stake in Electronic Arts during the second quarter worth about $1,943,000. Mason Street Advisors LLC bought a new stake in Electronic Arts during the second quarter worth about $3,078,000. Tobam increased its stake in Electronic Arts by 29.2% in the second quarter. Tobam now owns 898,953 shares of the game software company’s stock worth $68,104,000 after buying an additional 203,428 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Electronic Arts by 63.1% in the second quarter. Royal Bank of Canada now owns 443,390 shares of the game software company’s stock worth $33,592,000 after buying an additional 171,463 shares during the last quarter.

Electronic Arts Company Profile

Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.

5 Day Chart for NASDAQ:EA

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