Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.
TTWO has been the topic of several other research reports. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, August 6th. Finally, BTIG Research increased 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, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $296.95.
Read Our Latest Analysis on Take-Two Interactive Software
Take-Two Interactive Software Price Performance
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (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 negative net margin of 4.79% and a positive return on equity of 12.25%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. 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. As a group, equities analysts expect that Take-Two Interactive Software will post 5.51 EPS for the current year.
Insider Activity at Take-Two Interactive Software
In other news, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel P. Emerson sold 21,102 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares in the company, valued at $28,915,609.48. This represents a 13.81% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 540,759 shares of company stock valued at $123,183,789. Insiders own 1.12% of the company’s stock.
Institutional Investors Weigh In On Take-Two Interactive Software
Institutional investors and hedge funds have recently modified their holdings of the business. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the 4th quarter worth approximately $25,000. Mosley Wealth Management increased its stake in Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. Washington Trust Advisors Inc. raised its holdings in Take-Two Interactive Software by 116.4% in the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Take-Two Interactive Software during the second quarter worth $32,000. Finally, Essential Partners LLC boosted its position in shares of Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. 95.46% of the stock is owned by institutional investors.
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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