Take-Two Interactive Software (NASDAQ:TTWO) Given Outperform Rating at Wedbush

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research note issued to investors on Thursday,Benzinga reports. They presently have a $300.00 target price on the stock. Wedbush’s target price would indicate a potential upside of 26.16% from the stock’s previous close.

TTWO has been the subject of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Wells Fargo & Company increased their target price on Take-Two Interactive Software from $277.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Wall Street Zen downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a report on Monday, December 1st. Finally, Jefferies Financial Group upped their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.11.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded down $5.39 during mid-day trading on Thursday, hitting $237.79. 449,082 shares of the stock traded hands, compared to its average volume of 1,231,645. The company has a market cap of $43.94 billion, a PE ratio of -10.55, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92. 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 firm has a 50 day simple moving average of $246.87 and a two-hundred day simple moving average of $243.81. Take-Two Interactive Software has a twelve month low of $181.86 and a twelve month high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. The business had revenue of $1.77 billion for 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 revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company earned ($2.08) EPS. As a group, equities research analysts forecast that Take-Two Interactive Software will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Sheresky sold 182 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the sale, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,010 shares of company stock worth $242,102. Company insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently bought and sold shares of TTWO. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its stake in Take-Two Interactive Software by 101.9% during the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 53 shares during the period. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $28,000. Pinnacle Bancorp Inc. bought a new position in Take-Two Interactive Software in the 3rd quarter worth about $29,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $27,000. Institutional investors own 95.46% of the company’s stock.

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.