Benchmark Issues Pessimistic Forecast for Electronic Arts (NASDAQ:EA) Stock Price

Electronic Arts (NASDAQ:EA) had its target price lowered by investment analysts at Benchmark from $163.00 to $140.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the game software company’s stock. Benchmark’s target price points to a potential upside of 6.06% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus cut their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Oppenheimer decreased their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Finally, Argus boosted their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.24.

Electronic Arts Stock Up 1.2 %

EA opened at $132.00 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts has a 1-year low of $115.21 and a 1-year high of $168.50. The business has a 50 day moving average of $144.69 and a 200-day moving average of $147.43. The stock has a market capitalization of $34.62 billion, a price-to-earnings ratio of 33.93, a P/E/G ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. As a group, sell-side analysts anticipate that Electronic Arts will post 5.02 earnings per share for the current year.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares of the company’s stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,500 shares of company stock worth $3,562,510. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at about $25,000. Pinnacle Bancorp Inc. raised its holdings in shares of Electronic Arts by 141.0% during the fourth 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 period. Whipplewood Advisors LLC bought a new position in Electronic Arts in the fourth quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at $36,000. Finally, Bruce G. Allen Investments LLC grew 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 buying an additional 166 shares during 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.