Roth Mkm Cuts Electronic Arts (NASDAQ:EA) Price Target to $135.00

Electronic Arts (NASDAQ:EA) had its price objective reduced by Roth Mkm from $140.00 to $135.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the game software company’s stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets initiated coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an outperform rating and a $160.00 price target for the company. Benchmark reiterated a buy rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Oppenheimer restated an outperform rating and issued a $150.00 target price on shares of Electronic Arts in a report on Tuesday, April 23rd. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a research report on Thursday, January 18th. Finally, Wedbush restated an outperform rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $146.72.

Electronic Arts Stock Performance

NASDAQ:EA opened at $128.18 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $34.27 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.70 and a beta of 0.78. The firm has a 50-day moving average price of $132.81 and a two-hundred day moving average price of $134.52. Electronic Arts has a twelve month low of $117.47 and a twelve month high of $144.53.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts expect that Electronic Arts will post 5.35 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the transaction, the insider now directly owns 27,883 shares of the company’s stock, valued at $3,877,967.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Insiders have sold 34,344 shares of company stock valued at $4,729,531 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its position in Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after buying an additional 4,411 shares during the last quarter. Value Partners Investments Inc. lifted its stake in shares of Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after acquiring an additional 107,709 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after purchasing an additional 1,469 shares during the last quarter. Morgan Stanley grew its stake in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.