Electronic Arts (NASDAQ:EA) Given Neutral Rating at Roth Mkm

Roth Mkm restated their neutral rating on shares of Electronic Arts (NASDAQ:EA) in a research note released on Thursday, Benzinga reports. The firm currently has a $154.00 price objective on the game software company’s stock.

A number of other research analysts also recently commented on the company. Robert W. Baird increased their target price on Electronic Arts from $150.00 to $170.00 and gave the company an outperform rating in a research report on Wednesday, July 31st. Jefferies Financial Group assumed coverage on Electronic Arts in a research report on Thursday, July 11th. They set a buy rating and a $165.00 target price for the company. Bank of America raised their price target on Electronic Arts from $150.00 to $170.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Wedbush raised their price target on Electronic Arts from $162.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Finally, TD Cowen raised their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $161.94.

Electronic Arts Stock Down 0.8 %

NASDAQ EA opened at $139.55 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $37.08 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.97 and a beta of 0.79. Electronic Arts has a one year low of $117.47 and a one year high of $153.51. The stock has a 50 day moving average price of $146.15 and a 200-day moving average price of $137.73.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, equities analysts predict that Electronic Arts will post 5.89 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s payout ratio is 16.24%.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the sale, the executive vice president now owns 26,360 shares in the company, valued at $3,863,848.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the transaction, the executive vice president now owns 26,360 shares in the company, valued at $3,863,848.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Insiders have sold a total of 28,570 shares of company stock worth $4,183,508 over the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S boosted its position in Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after purchasing an additional 11,343 shares in the last quarter. FORA Capital LLC boosted its position in Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after purchasing an additional 31,136 shares in the last quarter. Duality Advisers LP bought a new stake in Electronic Arts during the first quarter valued at about $1,711,000. Eaton Financial Holdings Company LLC bought a new stake in Electronic Arts during the fourth quarter valued at about $1,259,000. Finally, Scotia Capital Inc. boosted its holdings in Electronic Arts by 99.4% in the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock worth $2,372,000 after acquiring an additional 8,644 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

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.