The stock of Electronic Arts Inc. (NASDAQ:EA) last traded at $123.04, up 1.12% from the previous session.
Data from the available sources indicates that Electronic Arts Inc. (NASDAQ:EA) is covered by 30 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $161.00 and a low of $127.00, we find $145.00. Given the previous closing price of $121.68, this indicates a potential upside of 19.17 percent. EA stock price is now -3.26% away from the 50-day moving average and -0.58% away from the 200-day moving average. The market capitalization of the company currently stands at $33.11B.
In total, 15 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $143.28 as their price target over the next twelve months.
With the price target enhanced from $140 to $142, UBS Downgraded its rating from Buy to Neutral for Electronic Arts Inc. (NASDAQ: EA).
In other news, Miele Laura, Chief Operating Officer sold 2,000 shares of the company’s stock on Sep 01. The stock was sold for $241,171 at an average price of $120.59. Upon completion of the transaction, the Chief Operating Officer now directly owns 34,586 shares in the company, valued at $4.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Chief People Officer Singh Vijayanthimala sold 800 shares of the business’s stock. A total of $96,856 was realized by selling the stock at an average price of $121.07. This leaves the insider owning 30,347 shares of the company worth $3.73 million. Insiders disposed of 237,692 shares of company stock worth roughly $29.25 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EA stock. A new stake in Electronic Arts Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $87,513,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $29,854,000 in shares of EA during the first quarter. In the first quarter, LMR PARTNERS LLP acquired a new stake in Electronic Arts Inc. valued at approximately $27,682,000. CANTOR FITZGERALD, L. P. acquired a new stake in EA for approximately $26,886,000. MUFG SECURITIES EMEA PLC purchased a new stake in EA valued at around $20,917,000 in the second quarter. In total, there are 1,416 active investors with 94.00% ownership of the company’s stock.
With an opening price of $121.68 on Thursday morning, Electronic Arts Inc. (NASDAQ: EA) set off the trading day. During the past 12 months, Electronic Arts Inc. has had a low of $108.53 and a high of $140.30. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 1.30, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $32.31B, which is based on a 38.07 price-to-earnings ratio, a 6.00 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for EA is $127.05 and a two-hundred day moving average price translates $123.72 for the stock.
The latest earnings results from Electronic Arts Inc. (NASDAQ: EA) was released for Jun, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $1.14, beating analysts’ expectations of $1.02 by 0.12. This compares to $1.11 EPS in the same period last year. The net profit margin was 11.80% and return on equity was 11.90% for EA. The company reported revenue of $1.92 billion for the quarter, compared to $1.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.89 percent. For the current quarter, analysts expect EA to generate $1.78B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/20/2023. Investors who held shares on 08/30/2023 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 0.62% percent yield. There was an ex-dividend date of 08/29/2023 for this dividend. In terms of dividend payout ratio, EA is presently at 23.40%.
Electronic Arts Inc.(EA) 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. The company licenses its games to third parties to distribute and host its games. It markets and sells its games and services through digital distribution and retail channels, as well as directly to mass market retailers, specialty stores, and distribution arrangements. Electronic Arts Inc. was incorporated in 1982 and is headquartered in Redwood City, California.
