Electronic Arts (NASDAQ:EA) Stock Rating Reaffirmed by Roth Mkm

Electronic Arts (NASDAQ:EA)‘s stock had its “neutral” rating reissued by stock analysts at Roth Mkm in a report released on Thursday, Benzinga reports. They presently have a $154.00 price objective on the game software company’s stock. Roth Mkm’s price target would suggest a potential upside of 10.35% from the company’s current price.

EA has been the subject of a number of other research reports. Wedbush lifted their price objective on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen raised their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday. Finally, Robert W. Baird raised their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Price Performance

Electronic Arts stock opened at $139.55 on Thursday. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $153.51. The firm has a 50-day moving average price of $146.27 and a 200-day moving average price of $137.70. The firm has a market capitalization of $37.08 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, equities research analysts forecast that Electronic Arts will post 5.89 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the sale, the executive vice president now directly owns 26,360 shares in the company, valued at approximately $3,863,848.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the sale, the executive vice president now directly owns 26,360 shares in the company, valued at approximately $3,863,848.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred 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 $4,579,823. The disclosure for this sale can be found here. Insiders sold 28,570 shares of company stock worth $4,183,508 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently bought and sold shares of EA. North Star Investment Management Corp. lifted its stake in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Cape Investment Advisory Inc. lifted its stake in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $28,000. Finally, YHB Investment Advisors Inc. purchased a new stake in Electronic Arts in the 1st quarter worth $30,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.