Roth Mkm Reaffirms Neutral Rating for Electronic Arts (NASDAQ:EA)

Electronic Arts (NASDAQ:EA)‘s stock had its “neutral” rating reaffirmed by analysts at Roth Mkm in a research note issued to investors on Thursday, Benzinga reports. They presently have a $154.00 price objective on the game software company’s stock. Roth Mkm’s target price would indicate a potential upside of 9.65% from the company’s previous close.

EA has been the subject of a number of other research reports. Raymond James lifted their price target on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday. Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price target for the stock from $148.00 to $161.00 in a research report on Monday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $154.00 price objective on shares of Electronic Arts in a report on Tuesday, July 30th. Finally, StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $140.45 on Thursday. The firm has a market capitalization of $37.32 billion, a P/E ratio of 30.01, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $146.44 and a 200 day moving average price of $137.66.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Sell-side analysts expect that Electronic Arts will post 5.89 EPS for the current year.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. The disclosure for this sale can be found here. Insiders have sold a total of 28,570 shares of company stock worth $4,183,508 over the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors have recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in Electronic Arts by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,188 shares of the game software company’s stock valued at $436,000 after purchasing an additional 105 shares during the period. Janney Montgomery Scott LLC boosted its stake in Electronic Arts by 79.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,479 shares of the game software company’s stock worth $1,707,000 after buying an additional 5,525 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Electronic Arts by 4.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 39,723 shares of the game software company’s stock valued at $5,434,000 after acquiring an additional 1,553 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Electronic Arts by 6.4% in the 4th quarter. Corient Private Wealth LLC now owns 67,939 shares of the game software company’s stock valued at $9,295,000 after acquiring an additional 4,112 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $4,605,000. 90.23% 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. 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.