BMO Capital Markets Has Lowered Expectations for Electronic Arts (NASDAQ:EA) Stock Price

Electronic Arts (NASDAQ:EA) had its price objective dropped by research analysts at BMO Capital Markets from $145.00 to $142.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the game software company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 7.58% from the stock’s current price.

Several other brokerages also recently commented on EA. Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Bank of America boosted their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Oppenheimer reduced their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $155.24.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $132.00 on Wednesday. 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 business’s fifty day moving average price is $144.69 and its two-hundred day moving average price is $147.43. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock has a market capitalization of $34.62 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its earnings results 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, analysts predict that Electronic Arts will post 5.02 EPS for the current fiscal year.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $3,562,510 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. acquired a new position in Electronic Arts in the 4th quarter valued at $275,000. Freestone Capital Holdings LLC raised its stake in Electronic Arts by 5.1% in the 4th quarter. Freestone Capital Holdings LLC now owns 8,924 shares of the game software company’s stock worth $1,306,000 after purchasing an additional 430 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $34,334,000. First Business Financial Services Inc. grew its position in Electronic Arts by 3.9% during the fourth quarter. First Business Financial Services Inc. now owns 15,886 shares of the game software company’s stock worth $2,324,000 after buying an additional 600 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Electronic Arts by 1.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 24,953 shares of the game software company’s stock worth $3,651,000 after acquiring an additional 299 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

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.