Electronic Arts (NASDAQ: EA) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2017 – Electronic Arts was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Electronic Arts reported strong first quarter fiscal 2018 results driven by continued increases in digital revenues and strength in franchises like The Sims, Star Wars, and EA Sports titles like FIFA 17 and Battlefield. EA has a strong pipeline of new launches that will continue to drive top-line growth. Also, shift to digital/mobile bodes well for the company. Moreover, live services component of the games has started to emerge as a big growth driver. EA has also announced an Ultimate Team style mode for its much anticipated game, Star Wars Battlefront. Gamers need to buy Star Cards to gain access to the in-game abilities. Apart from growing digital business, cost optimization initiatives will be beneficial going forward. Shares have outperformed the Zacks industry over the past one year. However, the hit driven and competitive nature of video game industry begets caution.”
  • 8/1/2017 – Electronic Arts was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $132.00 price target on the stock. According to Zacks, “Electronic Arts reported strong first quarter fiscal 2018 results driven by continued increases in digital revenues and strength in franchises like The Sims, Star Wars, and EA Sports titles like FIFA 17 and Battlefield. EA has a strong pipeline of new launches that will continue to drive top-line growth. Also, shift to digital/mobile bodes well for the company. Moreover, live services component of the games has started to emerge as a big growth driver. EA has also announced an Ultimate Team style mode for its much anticipated game, Star Wars Battlefront. Gamers need to buy Star Cards to gain access to the in-game abilities. Apart from growing digital business, cost optimization initiatives will be beneficial going forward. Shares have outperformed the Zacks industry over the past one year. However, the hit driven and competitive nature of video game industry begets caution.”
  • 7/30/2017 – Electronic Arts had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $106.00 price target on the stock, up previously from $90.00.
  • 7/30/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 7/30/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $136.00 price target on the stock, up previously from $131.00.
  • 7/30/2017 – Electronic Arts had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $130.00 price target on the stock, up previously from $115.00.
  • 7/28/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Wedbush.
  • 7/28/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $135.00 price target on the stock, up previously from $123.00.
  • 7/28/2017 – Electronic Arts was given a new $130.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 7/26/2017 – Electronic Arts was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating. They now have a $131.00 price target on the stock.
  • 7/24/2017 – Electronic Arts was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/17/2017 – Electronic Arts is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $130.00 price target on the stock.
  • 7/17/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 7/4/2017 – Electronic Arts was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $125.00 price target on the stock.
  • 6/30/2017 – Electronic Arts was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/23/2017 – Electronic Arts had its price target raised by analysts at Piper Jaffray Companies from $119.00 to $128.00. They now have an “overweight” rating on the stock.
  • 6/22/2017 – Electronic Arts was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/20/2017 – Electronic Arts had its price target raised by analysts at Benchmark Co. from $114.00 to $131.00. They now have a “buy” rating on the stock.
  • 6/13/2017 – Electronic Arts was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/12/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $115.00 price target on the stock.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at 113.99 on Friday. The firm has a market capitalization of $35.22 billion, a P/E ratio of 30.52 and a beta of 0.72. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $120.25. The company’s 50 day moving average price is $112.06 and its 200 day moving average price is $99.21.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.22. The firm had revenue of $775 million during the quarter, compared to the consensus estimate of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. On average, analysts expect that Electronic Arts Inc. will post $4.24 EPS for the current fiscal year.

In related news, CEO Andrew Wilson sold 10,965 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $108.00, for a total transaction of $1,184,220.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joel Linzner sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $116.96, for a total value of $467,840.00. Following the transaction, the executive vice president now owns 18,089 shares of the company’s stock, valued at $2,115,689.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 336,915 shares of company stock valued at $37,032,377. 2.55% of the stock is owned by company insiders.

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.

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