Electronic Arts (NASDAQ:EA) Price Target Increased to $152.00 by Analysts at Roth Mkm

Electronic Arts (NASDAQ:EA) had its price target raised by stock analysts at Roth Mkm from $135.00 to $152.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the game software company’s stock. Roth Mkm’s price objective suggests a potential upside of 3.90% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Morgan Stanley lifted their price objective on Electronic Arts from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Stifel Nicolaus boosted their price target on Electronic Arts from $163.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wedbush reiterated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a report on Wednesday, May 8th. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.50.

Electronic Arts Stock Up 0.8 %

EA stock traded up $1.12 during midday trading on Monday, hitting $146.30. 100,382 shares of the company’s stock were exchanged, compared to its average volume of 2,130,031. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $148.22. The firm has a 50 day moving average price of $138.50 and a 200-day moving average price of $135.56. The stock has a market capitalization of $38.88 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. On average, analysts anticipate that Electronic Arts will post 5.75 EPS for the current year.

Insiders Place Their Bets

In other news, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total value of $256,300.00. Following the sale, the chief operating officer now owns 32,772 shares of the company’s stock, valued at approximately $4,199,731.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $144.86, for a total value of $144,860.00. Following the sale, the executive vice president now owns 29,317 shares of the company’s stock, valued at approximately $4,246,860.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total value of $256,300.00. Following the sale, the chief operating officer now directly owns 32,772 shares in the company, valued at $4,199,731.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,539 shares of company stock worth $3,199,031. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

Institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. raised its position in Electronic Arts by 5.0% during the second quarter. Whittier Trust Co. now owns 2,415 shares of the game software company’s stock valued at $336,000 after buying an additional 115 shares during the period. HB Wealth Management LLC raised its position in Electronic Arts by 128.7% during the second quarter. HB Wealth Management LLC now owns 5,893 shares of the game software company’s stock valued at $821,000 after buying an additional 3,316 shares during the period. Kintegral Advisory LLC raised its position in Electronic Arts by 105.9% during the second quarter. Kintegral Advisory LLC now owns 22,828 shares of the game software company’s stock valued at $3,181,000 after buying an additional 11,743 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its stake in Electronic Arts by 23.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 132,000 shares of the game software company’s stock valued at $18,392,000 after purchasing an additional 25,084 shares in the last quarter. Finally, Simmons Bank grew its stake in Electronic Arts by 8.7% in the second quarter. Simmons Bank now owns 12,222 shares of the game software company’s stock valued at $1,703,000 after purchasing an additional 974 shares in the last quarter. 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.