Electronic Arts (NASDAQ:EA) Price Target Lowered to $134.00 at Roth Mkm

Electronic Arts (NASDAQ:EA) had its target price cut by investment analysts at Roth Mkm from $158.00 to $134.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the game software company’s stock. Roth Mkm’s price target would indicate a potential upside of 15.80% from the stock’s previous close.

Other research analysts have also issued reports about the stock. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Argus upped their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $160.00 to $145.00 in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.63.

Electronic Arts Stock Down 18.7 %

EA traded down $26.63 during trading hours on Thursday, hitting $115.72. 8,167,448 shares of the company’s stock were exchanged, compared to its average volume of 2,688,746. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts has a 1-year low of $116.30 and a 1-year high of $168.50. The stock’s 50-day moving average is $154.24 and its two-hundred day moving average is $149.20. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.88 and a beta of 0.80.

Insider Activity

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares in the company, valued at approximately $7,548,334.89. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock worth $4,351,060 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth $36,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. 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.