Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 5.750-6.000 for the period, compared to the consensus EPS estimate of 2.490. The company issued revenue guidance of $8.0 billion-$8.2 billion, compared to the consensus revenue estimate of $8.6 billion. Take-Two Interactive Software also updated its Q2 2027 guidance to 0.900-1.000 EPS.
Analysts Set New Price Targets
Several brokerages recently weighed in on TTWO. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. BTIG Research reaffirmed a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a report on Monday, July 27th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a report on Thursday. Finally, Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $296.73.
View Our Latest Stock Analysis on Take-Two Interactive Software
Take-Two Interactive Software Trading Up 6.0%
Insider Transactions at Take-Two Interactive Software
In related news, Director Michael Dornemann sold 1,151 shares of the 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 sale, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 569,936 shares of company stock worth $128,431,438. Insiders own 1.12% of the company’s stock.
More Take-Two Interactive Software News
Here are the key news stories impacting Take-Two Interactive Software this week:
- Positive Sentiment: Revenue and adjusted earnings beat estimates: Fiscal Q1 revenue reached $1.53 billion, ahead of analysts’ roughly $1.36 billion-$1.41 billion expectations. Adjusted EPS was reported at $0.36 versus a $0.31 consensus estimate, while adjusted EBITDA of $167 million topped expectations of $155 million. Take-Two Q1 earnings beat expectations ahead of GTA VI launch
- Positive Sentiment: GTA VI remains on schedule: Take-Two reiterated that Grand Theft Auto VI is on track for its November release, with preorders already underway. The launch is a major potential catalyst because investors expect the title to drive bookings, revenue and cash flow. Take-Two sticks to annual bookings outlook, says on track for GTA VI November launch
- Positive Sentiment: Full-year earnings guidance was raised relative to consensus: Take-Two projected fiscal 2027 EPS of $5.75-$6.00, well above the cited $2.49 analyst consensus, suggesting substantial earnings growth as new releases contribute. Take-Two Reports Fiscal First Quarter 2027 Results
- Neutral Sentiment: Annual outlook was maintained, not increased: Management kept its fiscal 2027 net bookings forecast unchanged, indicating confidence in the existing plan but offering no incremental upgrade ahead of GTA VI. Take-Two’s Earnings and Bookings Guidance Shows How World Awaits Grand Theft Auto VI
- Negative Sentiment: Bookings declined and the GAAP loss widened: Net bookings fell 3% year over year to $1.39 billion. The company also reported a GAAP loss of $0.18 per share, versus a $0.07 loss a year earlier, while revenue declined 2.1% year over year. Fiscal 2027 revenue guidance of $8.0 billion-$8.2 billion was below the cited $8.6 billion consensus. Take-Two Logs Higher Sales but Loss Widens
Hedge Funds Weigh In On Take-Two Interactive Software
Several institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at approximately $425,000. Empowered Funds LLC lifted its position in shares of Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after buying an additional 388 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after acquiring an additional 165 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at $2,747,000. Finally, Jump Financial LLC increased its holdings in Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after acquiring an additional 3,650 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Company Profile
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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