Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $287.76.
Several research analysts have issued reports on TTWO shares. Arete Research dropped their price target on Take-Two Interactive Software from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Wednesday, September 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Tuesday, October 6th. UBS Group set a $310.00 target price on Take-Two Interactive Software in a report on Monday, September 28th. Robert W. Baird boosted their target price on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $290.00 target price on shares of Take-Two Interactive Software in a research report on Monday, November 2nd.
View Our Latest Stock Analysis on TTWO
Take-Two Interactive Software Stock Up 0.7%
NASDAQ TTWO opened at $214.87 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $207.53 and its 200 day simple moving average is $219.12. Take-Two Interactive Software has a 12 month low of $183.86 and a 12 month high of $265.94. The company has a market capitalization of $40.18 billion, a P/E ratio of -124.20, a PEG ratio of 1.60 and a beta of 0.93.
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. Equities research analysts expect that Take-Two Interactive Software will post 5.19 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Take-Two Interactive Software news, Director Michael Sheresky sold 484 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $203.69, for a total transaction of $98,585.96. Following the sale, the director owned 66,010 shares in the company, valued at approximately $13,445,576.90. The trade was a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Gordon sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $202.39, for a total transaction of $2,023,900.00. Following the sale, the director directly owned 47,187 shares of the company’s stock, valued at $9,550,176.93. This represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,636 shares of company stock worth $12,930,991 over the last three months. Company insiders own 1.12% of the company’s stock.
Institutional Investors Weigh In On Take-Two Interactive Software
Several hedge funds have recently made changes to their positions in the company. Primecap Management Co. CA acquired a new position in Take-Two Interactive Software in the second quarter worth approximately $23,480,000. Corient Private Wealth LP raised its position in Take-Two Interactive Software by 22.4% during the second quarter. Corient Private Wealth LP now owns 30,018 shares of the company’s stock valued at $7,504,000 after acquiring an additional 5,484 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Take-Two Interactive Software in the second quarter valued at approximately $37,090,000. IFP Advisors Inc lifted its stake in Take-Two Interactive Software by 398.2% in the third quarter. IFP Advisors Inc now owns 11,335 shares of the company’s stock valued at $2,352,000 after acquiring an additional 9,060 shares during the last quarter. Finally, Davis R M Inc. lifted its stake in Take-Two Interactive Software by 4.3% in the first quarter. Davis R M Inc. now owns 255,075 shares of the company’s stock valued at $50,377,000 after acquiring an additional 10,593 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
About Take-Two Interactive Software
Take-Two Interactive Software is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga.
The company’s portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.
Founded in 1993 and headquartered in New York City, Take-Two acquired mobile-game publisher Zynga in 2022.
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