Electronic Arts Inc. (NASDAQ:EA) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They currently have a $84.80 price objective on the game software company’s stock. Vetr‘s price objective suggests a potential upside of 2.30% from the stock’s previous close.

Other research analysts have also issued reports about the stock. MKM Partners raised their price objective on shares of Electronic Arts from $87.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Pacific Crest reaffirmed a “hold” rating on shares of Electronic Arts in a research note on Saturday, June 4th. Cowen and Company reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of Electronic Arts in a research note on Tuesday, August 23rd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of Electronic Arts in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $87.09.

Electronic Arts (NASDAQ:EA) opened at 82.89 on Monday. The firm has a market cap of $24.93 billion, a P/E ratio of 23.35 and a beta of 0.72. The firm’s 50-day moving average price is $79.92 and its 200-day moving average price is $72.66. Electronic Arts has a 12 month low of $53.01 and a 12 month high of $84.45.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. The business had revenue of $682 million for the quarter, compared to analyst estimates of $652.64 million. Electronic Arts had a net margin of 25.85% and a return on equity of 24.97%. Electronic Arts’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, equities research analysts expect 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 Electronic Arts 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 directly owns 150,530 shares in the company, valued at $10,793,001. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,100 shares of Electronic Arts stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $75.25, for a total transaction of $760,025.00. Following the sale, the chief financial officer now owns 119,800 shares of the company’s stock, valued at $9,014,950. The disclosure for this sale can be found here. Company insiders own 3.46% of the company’s stock.

Several large investors have recently made changes to their positions in EA. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Electronic Arts during the second quarter worth $923,000. Kentucky Retirement Systems acquired a new stake in shares of Electronic Arts during the second quarter worth $1,943,000. Mason Street Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $3,078,000. Tobam raised its stake in shares of 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 raised its stake in shares of 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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