Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWOFree Report) in a report issued on Monday morning,Benzinga reports. Wedbush currently has a $300.00 price objective on the stock.

TTWO has been the topic of several other reports. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. BTIG Research raised their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Bank of America lifted their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $296.95.

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Take-Two Interactive Software Stock Down 3.0%

Shares of Take-Two Interactive Software stock opened at $243.00 on Monday. The business has a 50-day moving average price of $237.98 and a 200 day moving average price of $221.55. Take-Two Interactive Software has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The firm has a market cap of $45.44 billion, a P/E ratio of -140.46, a P/E/G ratio of 1.70 and a beta of 0.97. The company has a quick ratio of 1.24, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. On average, sell-side analysts forecast that Take-Two Interactive Software will post 5.38 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,151 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold 609,936 shares of company stock valued at $138,537,038 over the last three months. 1.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Nova Scotia bought a new position in Take-Two Interactive Software in the 2nd quarter worth about $4,602,000. Compass Financial Management LLC bought a new stake in shares of Take-Two Interactive Software during the second quarter valued at approximately $35,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Take-Two Interactive Software during the second quarter valued at approximately $1,293,000. Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $784,000. Finally, Commerce Bank acquired a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $3,638,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

  • Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $310 price target, implying substantial upside from recent levels. DA Davidson reiterated its Buy rating, Wedbush assigned an Outperform rating, and Roth Capital raised its target to $300. The bullish view is centered on the potential commercial impact of GTA VI and Take-Two’s growing recurring-revenue base. JPMorgan coverage article DA Davidson rating article Wedbush rating article Roth Capital price target article
  • Positive Sentiment: Institutional ownership remains strong, with BlackRock, Norges Bank, Bank of New York Mellon and Deutsche Bank recently establishing positions, while AQR Capital increased its stake. Such buying can reinforce confidence in Take-Two’s long-term outlook.
  • Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data appears internally inconsistent, it offers little useful trading information.
  • Negative Sentiment: CEO Strauss Zelnick sold 40,000 TTWO shares for approximately $10.1 million at an average price of $252.64. The sale may be routine, but it can weigh on sentiment, particularly after additional sizable sales reported in May and June. CEO insider sale article
  • Negative Sentiment: Take-Two’s latest quarter included an adjusted EPS loss of $0.18, below the $0.33 consensus estimate, despite revenue of $1.53 billion exceeding expectations. Revenue also declined 2.1% year over year, leaving investors focused on execution and whether GTA VI expectations are already reflected in the stock’s elevated valuation.

Take-Two Interactive Software Company Profile

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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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Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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