Electronic Arts (NASDAQ:EA) Given a $112.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $112.00 target price on Electronic Arts (NASDAQ:EA) in a research note issued to investors on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the game software company’s stock.

Other equities analysts also recently issued research reports about the stock. Barclays set a $102.00 price objective on shares of Electronic Arts and gave the company a buy rating in a research note on Wednesday, May 8th. Nomura began coverage on shares of Electronic Arts in a research note on Thursday, June 6th. They issued a buy rating and a $120.00 price objective for the company. Cowen upgraded shares of Electronic Arts from a market perform rating to an outperform rating and set a $104.00 price objective for the company in a research note on Wednesday. Needham & Company LLC upped their price objective on shares of Electronic Arts to $120.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research upgraded shares of Electronic Arts from a hold rating to a buy rating and set a $110.00 price objective for the company in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $113.10.

Shares of EA stock traded down $1.71 on Wednesday, reaching $92.89. 2,482,895 shares of the stock were exchanged, compared to its average volume of 5,546,433. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average price is $93.28. The stock has a market cap of $26.27 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. Electronic Arts has a twelve month low of $73.91 and a twelve month high of $134.00.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.43. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, sell-side analysts anticipate that Electronic Arts will post 3.77 earnings per share for the current year.

In related news, insider Laura Miele sold 785 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $93.25, for a total transaction of $73,201.25. Following the completion of the transaction, the insider now directly owns 13,077 shares of the company’s stock, valued at $1,219,430.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 2,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.76, for a total transaction of $187,520.00. The disclosure for this sale can be found here. Insiders sold 102,079 shares of company stock valued at $9,954,960 over the last ninety days. Corporate insiders own 2.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Icon Wealth Partners LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $28,000. Valeo Financial Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter valued at approximately $28,000. North Star Investment Management Corp. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $29,000. Ropes Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $34,000. Finally, Berman Capital Advisors LLC grew its position in shares of Electronic Arts by 70.6% in the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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