Electronic Arts (NASDAQ:EA) was downgraded by research analysts at Vetr from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday. They currently have a $99.63 price target on the game software company’s stock. Vetr‘s price target would indicate a potential downside of 12.00% from the stock’s previous close.

Several other research analysts also recently commented on EA. BMO Capital Markets upgraded Electronic Arts from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $112.39 to $97.00 in a report on Monday. They noted that the move was a valuation call. Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $128.00 target price (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Barclays assumed coverage on Electronic Arts in a research report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 target price on the stock. Finally, Zacks Investment Research cut Electronic Arts from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $122.37.

Electronic Arts (NASDAQ:EA) traded up $0.83 on Monday, reaching $113.22. The company’s stock had a trading volume of 4,580,000 shares, compared to its average volume of 3,660,000. The stock has a market cap of $34,950.00, a P/E ratio of 29.87, a P/E/G ratio of 1.85 and a beta of 0.61. Electronic Arts has a one year low of $77.94 and a one year high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.

In other news, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $111.94, for a total value of $1,119,400.00. Following the completion of the sale, the chief financial officer now owns 182,814 shares of the company’s stock, valued at approximately $20,464,199.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $113.81, for a total value of $1,144,700.98. The disclosure for this sale can be found here. Insiders sold a total of 57,016 shares of company stock valued at $6,172,470 in the last three months. Insiders own 2.55% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after acquiring an additional 783 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Electronic Arts in the 3rd quarter worth $183,000. GHP Investment Advisors Inc. purchased a new position in Electronic Arts in the 3rd quarter worth $202,000. Finally, Texas Yale Capital Corp. purchased a new position in Electronic Arts in the 3rd quarter worth $205,000. 93.51% of the stock is owned by hedge funds and other institutional investors.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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