Roth Mkm Has Lowered Expectations for Electronic Arts (NASDAQ:EA) Stock Price

Electronic Arts (NASDAQ:EA) had its target price reduced by research analysts at Roth Mkm from $158.00 to $134.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the game software company’s stock. Roth Mkm’s price objective indicates a potential upside of 14.96% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Argus upped their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $170.00 to $130.00 in a report on Thursday. UBS Group boosted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer cut their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Robert W. Baird decreased their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.79.

Electronic Arts Stock Performance

Shares of EA opened at $116.56 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $30.57 billion, a PE ratio of 29.96, a PEG ratio of 1.87 and a beta of 0.80. Electronic Arts has a 1 year low of $115.21 and a 1 year high of $168.50. The stock’s fifty day moving average price is $152.43 and its two-hundred day moving average price is $148.83.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,000 shares of company stock worth $3,986,385. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Electronic Arts

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC grew its stake in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Claro Advisors LLC grew its position in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after buying an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after buying an additional 76 shares during the period. Ballentine Partners LLC raised its holdings in shares of Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after acquiring an additional 83 shares during the period. 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.