Electronic Arts’ (EA) Neutral Rating Reiterated at Roth Mkm

Electronic Arts (NASDAQ:EA)‘s stock had its “neutral” rating reissued by Roth Mkm in a note issued to investors on Thursday, Benzinga reports. They currently have a $154.00 price target on the game software company’s stock. Roth Mkm’s price target indicates a potential upside of 10.35% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Raymond James upped their target price on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research note on Wednesday. Benchmark reiterated a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $139.55 on Thursday. The firm has a market cap of $37.08 billion, a PE ratio of 29.82, a PEG ratio of 1.97 and a beta of 0.79. The firm has a fifty day moving average of $146.27 and a 200 day moving average of $137.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts has a one year low of $117.47 and a one year high of $153.51.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, research analysts predict that Electronic Arts will post 5.89 EPS for the current fiscal year.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the transaction, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,570 shares of company stock worth $4,183,508. 0.22% of the stock is currently owned by company insiders.

Institutional Trading of Electronic Arts

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after acquiring an additional 3,727,251 shares during the period. Capital International Investors boosted its holdings in shares of Electronic Arts by 16.4% in the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after acquiring an additional 833,492 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after acquiring an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Electronic Arts by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock worth $583,162,000 after acquiring an additional 18,376 shares in the last quarter. Finally, FIL Ltd lifted its holdings in Electronic Arts by 4.4% during the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after buying an additional 145,466 shares in the last quarter. Institutional investors and hedge funds 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.