Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $266.33 Consensus PT from Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $266.8571.

TTWO has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, October 8th. Benchmark increased their price target on Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Wedbush lifted their price objective on Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. CICC Research began coverage on shares of Take-Two Interactive Software in a report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price objective on the stock. Finally, B. Riley started coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price for the company.

Take-Two Interactive Software Trading Down 0.7%

NASDAQ TTWO opened at $250.71 on Monday. The business’s fifty day moving average is $246.50 and its 200-day moving average is $243.49. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $46.33 billion, a price-to-earnings ratio of -11.10, a PEG ratio of 4.03 and a beta of 0.92. Take-Two Interactive Software has a one year low of $177.35 and a one year high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the company posted ($2.08) earnings per share. Equities research analysts predict that Take-Two Interactive Software will post 0.97 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the transaction, the director directly owned 2,716 shares in the company, valued at approximately $640,840.20. The trade was a 13.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,007 shares of company stock valued at $247,095. 1.34% of the stock is owned by insiders.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. increased its position in shares of Take-Two Interactive Software by 113.5% during the first quarter. Baird Financial Group Inc. now owns 5,108 shares of the company’s stock valued at $1,059,000 after buying an additional 2,716 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in Take-Two Interactive Software during the 1st quarter worth approximately $250,000. AQR Capital Management LLC lifted its stake in Take-Two Interactive Software by 650.9% in the 1st quarter. AQR Capital Management LLC now owns 168,312 shares of the company’s stock worth $34,202,000 after purchasing an additional 145,898 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Take-Two Interactive Software by 2.9% in the 1st quarter. Alliancebernstein L.P. now owns 309,437 shares of the company’s stock valued at $64,131,000 after purchasing an additional 8,854 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Take-Two Interactive Software in the 1st quarter valued at $425,000. 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.