Wedbush Increases Electronic Arts (NASDAQ:EA) Price Target to $170.00

Electronic Arts (NASDAQ:EA) had its target price raised by Wedbush from $162.00 to $170.00 in a report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the game software company’s stock. Wedbush also issued estimates for Electronic Arts’ FY2025 earnings at $5.83 EPS.

Several other equities analysts have also issued reports on EA. Citigroup lowered Electronic Arts from a buy rating to a neutral rating and lifted their price target for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Morgan Stanley lifted their price target on Electronic Arts from $140.00 to $150.00 and gave the company an equal weight rating in a research note on Tuesday, July 23rd. BMO Capital Markets restated an outperform rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a neutral rating in a research report on Monday, July 15th. Finally, StockNews.com upgraded Electronic Arts from a hold rating to a buy rating in a research report on Wednesday, June 26th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $160.16.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $148.83 on Wednesday. The stock has a market capitalization of $39.55 billion, a PE ratio of 31.80, a P/E/G ratio of 2.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The business has a fifty day moving average price of $140.16 and a two-hundred day moving average price of $135.98. Electronic Arts has a fifty-two week low of $117.47 and a fifty-two week high of $153.51.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a net margin of 15.77% and a return on equity of 16.26%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. As a group, equities analysts predict that Electronic Arts will post 5.76 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Activity

In other news, CAO Eric Charles Kelly sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the transaction, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the transaction, the insider now directly owns 39,374 shares of the company’s stock, valued at approximately $5,232,017.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,458 shares in the company, valued at $997,507.50. The disclosure for this sale can be found here. Insiders have sold 23,239 shares of company stock valued at $3,197,469 in the last ninety days. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EA. North Star Investment Management Corp. raised its stake in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares during the period. Cape Investment Advisory Inc. raised its stake in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts during the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the 2nd quarter worth approximately $28,000. Finally, Larson Financial Group LLC acquired a new position in Electronic Arts during the 4th quarter worth approximately $30,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.