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

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

Several other research firms also recently commented on EA. Wedbush reaffirmed an outperform rating and issued a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. UBS Group decreased their target price on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a research note on Wednesday, March 27th. Oppenheimer reiterated an outperform rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a research note on Thursday, January 18th. Finally, BMO Capital Markets began coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an outperform rating and a $160.00 target price for the company. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of Moderate Buy and an average target price of $146.72.

Electronic Arts Stock Up 0.8 %

EA stock opened at $129.56 on Wednesday. The firm’s fifty day simple moving average is $131.99 and its 200-day simple moving average is $134.43. The company has a market capitalization of $34.64 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts has a 12 month low of $117.47 and a 12 month high of $144.53.

Insiders Place Their Bets

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction 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 $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the sale, the insider now directly owns 27,883 shares of the company’s stock, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,144 shares of company stock worth $5,087,143. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Large investors have recently modified their holdings of the business. AE Wealth Management LLC grew its holdings in shares of Electronic Arts by 41.4% in the third quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company’s stock valued at $414,000 after purchasing an additional 1,007 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Electronic Arts by 4.4% in the third quarter. Commonwealth Equity Services LLC now owns 40,542 shares of the game software company’s stock valued at $4,881,000 after purchasing an additional 1,711 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Electronic Arts by 25.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,990 shares of the game software company’s stock valued at $1,564,000 after purchasing an additional 2,603 shares during the period. Xponance Inc. boosted its stake in Electronic Arts by 2.5% during the third quarter. Xponance Inc. now owns 33,230 shares of the game software company’s stock worth $4,001,000 after buying an additional 799 shares during the period. Finally, Mission Wealth Management LP boosted its stake in Electronic Arts by 1.9% during the third quarter. Mission Wealth Management LP now owns 6,088 shares of the game software company’s stock worth $733,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

About Electronic Arts

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.