Electronic Arts (NASDAQ:EA) PT Lowered to $135.00 at Roth Mkm

Electronic Arts (NASDAQ:EA) had its target price lowered by Roth Mkm from $140.00 to $135.00 in a research note published on Wednesday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the game software company’s stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus lifted their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a report on Thursday, January 18th. Benchmark reiterated a buy rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group dropped their price target on Electronic Arts from $146.00 to $143.00 and set a neutral rating on the stock in a research note on Wednesday, March 27th. Oppenheimer reissued an outperform rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets began coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an outperform rating and a $160.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of Moderate Buy and a consensus price target of $146.72.

Electronic Arts Stock Up 0.8 %

NASDAQ:EA opened at $129.56 on Wednesday. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $34.64 billion, a P/E ratio of 32.61, a P/E/G ratio of 1.71 and a beta of 0.78. The stock’s fifty day simple moving average is $132.25 and its 200-day simple moving average is $134.44.

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

Insider Activity at Electronic Arts

In related news, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total transaction of $256,300.00. Following the completion of the transaction, the chief operating officer now owns 32,772 shares in the company, valued at $4,199,731.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the completion of the transaction, the insider now owns 27,883 shares in the company, 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, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total value of $256,300.00. Following the transaction, the chief operating officer now owns 32,772 shares of the company’s stock, valued at approximately $4,199,731.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,144 shares of company stock valued at $5,087,143. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently made changes to their positions in the company. WBI Investments LLC boosted its holdings in shares of Electronic Arts by 246.5% during the first quarter. WBI Investments LLC now owns 27,833 shares of the game software company’s stock worth $3,693,000 after acquiring an additional 19,800 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Electronic Arts in the first quarter valued at approximately $11,813,000. RIA Advisory Group LLC bought a new stake in shares of Electronic Arts in the first quarter valued at approximately $627,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after buying an additional 11,343 shares during the period. Finally, Lorne Steinberg Wealth Management Inc. boosted its stake in shares of Electronic Arts by 0.3% in the first quarter. Lorne Steinberg Wealth Management Inc. now owns 43,750 shares of the game software company’s stock valued at $5,804,000 after buying an additional 117 shares during the period. 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.