TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective boosted by research analysts at Oppenheimer from $145.00 to $155.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 10.31% from the company’s current price.
Several other research analysts also recently commented on the stock. BNP Paribas raised shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 price objective for the company in a report on Monday, March 2nd. Piper Sandler upped their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $141.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Benchmark upped their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $149.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, MKM Partners cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “neutral” rating and decreased their target price for the company from $142.00 to $133.00 in a research report on Friday, January 24th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $140.44.
TTWO opened at $140.51 on Thursday. The firm has a 50-day simple moving average of $125.95 and a two-hundred day simple moving average of $121.09. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $100.00 and a 52 week high of $149.28. The company has a market capitalization of $15.67 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 4.86 and a beta of 0.56. The company has a quick ratio of 1.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.06.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $0.90 by $0.60. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.09% and a return on equity of 18.22%. The business had revenue of $729.42 million during the quarter, compared to the consensus estimate of $585.27 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 49.3% on a year-over-year basis. As a group, sell-side analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 earnings per share for the current year.
In other news, CFO Lainie Goldstein sold 16,933 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $135.01, for a total transaction of $2,286,124.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 216,665 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $118.97, for a total transaction of $25,776,635.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 260,474 shares of company stock worth $31,648,198. Corporate insiders own 1.20% of the company’s stock.
Large investors have recently modified their holdings of the company. Capital Square LLC purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth approximately $25,000. Heritage Wealth Advisors purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth approximately $27,000. Assetmark Inc. increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 287.7% during the fourth quarter. Assetmark Inc. now owns 221 shares of the company’s stock worth $27,000 after acquiring an additional 164 shares during the period. BDO Wealth Advisors LLC increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 666.7% during the first quarter. BDO Wealth Advisors LLC now owns 230 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the period. Finally, Ameritas Investment Company LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter valued at approximately $30,000. 88.80% of the stock is currently owned by institutional investors and hedge funds.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
Further Reading: Trading Penny Stocks
Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.