Stifel Nicolaus analyst Drew Crum maintained a Buy rating on Electronic Arts (EA – Research Report) yesterday and set a price target of $137.00. The company’s shares closed yesterday at $128.68.
Crum covers the Technology sector, focusing on stocks such as Roblox, Electronic Arts, and Take-Two. According to TipRanks, Crum has an average return of 14.4% and a 58.93% success rate on recommended stocks.
In addition to Stifel Nicolaus, Electronic Arts also received a Buy from KeyBanc’s Tyler Parker in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Electronic Arts (NASDAQ: EA).
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Based on Electronic Arts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.9 billion and a net profit of $299 million. In comparison, last year the company earned a revenue of $1.83 billion and had a net profit of $294 million
Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EA in relation to earlier this year. Most recently, in November 2022, Rachel Gonzalez, a Director at EA bought 153.00 shares for a total of $19,319.31.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
California-based Electronic Arts provides digital interactive entertainment. It develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers.
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