Electronic Arts Inc. (NASDAQ:EA)‘s stock had its “buy” rating reiterated by equities research analysts at Bank of America Corp. in a research report issued on Friday.

Several other analysts also recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Vetr raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $84.80 target price on the stock in a research note on Monday, September 12th. Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, August 25th. Cowen and Company reissued an “outperform” rating and set a $83.00 target price on shares of Electronic Arts in a research note on Tuesday, August 23rd. Finally, Argus restated a “hold” rating on shares of Electronic Arts in a report on Sunday, August 21st. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $87.09.

Electronic Arts (NASDAQ:EA) opened at 82.77 on Friday. Electronic Arts has a one year low of $53.01 and a one year high of $84.45. The firm has a market cap of $24.89 billion, a PE ratio of 23.32 and a beta of 0.72. The company has a 50-day moving average price of $80.60 and a 200-day moving average price of $73.16.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09. Electronic Arts had a net margin of 25.85% and a return on equity of 24.97%. The company had revenue of $682 million for the quarter, compared to the consensus estimate of $652.64 million. During the same period in the previous year, the business earned $0.15 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Equities analysts predict that Electronic Arts will post $3.63 earnings per share for the current fiscal year.

In other news, EVP Peter R. Moore sold 30,798 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $71.70, for a total transaction of $2,208,216.60. Following the completion of the sale, the executive vice president now owns 150,530 shares of the company’s stock, valued at $10,793,001. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter R. Moore sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $83.81, for a total transaction of $838,100.00. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Aperio Group LLC raised its stake in Electronic Arts by 6.9% in the first quarter. Aperio Group LLC now owns 95,456 shares of the game software company’s stock valued at $6,311,000 after buying an additional 6,176 shares during the last quarter. Sarasin & Partners LLP raised its stake in Electronic Arts by 6,909.4% in the first quarter. Sarasin & Partners LLP now owns 862,160 shares of the game software company’s stock valued at $56,997,000 after buying an additional 849,860 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in Electronic Arts by 90.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 11,245 shares of the game software company’s stock valued at $747,000 after buying an additional 5,334 shares during the last quarter. Raymond James Trust N.A. raised its stake in Electronic Arts by 46.2% in the first quarter. Raymond James Trust N.A. now owns 8,833 shares of the game software company’s stock valued at $584,000 after buying an additional 2,793 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Electronic Arts by 19.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,642 shares of the game software company’s stock valued at $1,094,000 after buying an additional 2,739 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

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 Analyst Ratings Network's FREE daily email newsletter.