Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) updated its second quarter 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus earnings per share estimate of -0.370. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.8 billion. Take-Two Interactive Software also updated its FY 2027 guidance to 5.750-6.000 EPS.
Take-Two Interactive Software Price Performance
Shares of Take-Two Interactive Software stock opened at $232.47 on Friday. The firm has a fifty day simple moving average of $235.89 and a 200-day simple moving average of $221.32. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 1-year low of $187.63 and a 1-year high of $265.94. The stock has a market capitalization of $43.47 billion, a price-to-earnings ratio of -143.50, a PEG ratio of 4.37 and a beta of 0.97.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TTWO. DA Davidson reissued a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Wells Fargo & Company raised their price target on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Finally, Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Buy” and a consensus price target of $295.38.
Insiders Place Their Bets
In related news, President Karl Slatoff sold 40,358 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22. Following the sale, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 569,936 shares of company stock valued at $128,431,438 over the last 90 days. Company insiders own 1.12% of the company’s stock.
Institutional Investors Weigh In On Take-Two Interactive Software
Several institutional investors and hedge funds have recently made changes to their positions in TTWO. State Street Corp lifted its holdings in Take-Two Interactive Software by 3.5% during the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after purchasing an additional 390,331 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after buying an additional 16,758 shares in the last quarter. Morgan Stanley increased its holdings in shares of Take-Two Interactive Software by 3.3% during the fourth quarter. Morgan Stanley now owns 2,478,143 shares of the company’s stock worth $634,479,000 after buying an additional 79,428 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after acquiring an additional 568,263 shares during the last quarter. Finally, Amundi raised its stake in shares of Take-Two Interactive Software by 35.4% in the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock valued at $462,352,000 after acquiring an additional 472,383 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.
About Take-Two Interactive Software
Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.
Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.
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