Take-Two Interactive Software (NASDAQ:TTWO) Price Target Cut to $262.00 by Analysts at BTIG Research

Take-Two Interactive Software (NASDAQ:TTWO) had its target price lowered by equities research analysts at BTIG Research from $313.00 to $262.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research‘s price target suggests a potential upside of 34.37% from the company’s current price.

TTWO has been the topic of a number of other reports. Bank of America decreased their target price on Take-Two Interactive Software from $368.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Robert W. Baird upped their price objective on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. The Goldman Sachs Group upped their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 target price on shares of Take-Two Interactive Software in a research report on Monday. Twenty-one research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.57.

Take-Two Interactive Software Trading Up 1.5%

Shares of TTWO opened at $194.99 on Wednesday. The firm has a market cap of $36.46 billion, a P/E ratio of -112.71, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. Take-Two Interactive Software has a 1 year low of $183.86 and a 1 year high of $265.94. The company has a 50 day simple moving average of $208.77 and a two-hundred day simple moving average of $219.56.

Take-Two Interactive Software (NASDAQ:TTWO) 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). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm posted ($0.07) EPS. Take-Two Interactive Software’s quarterly revenue was down 2.1% compared to the same quarter last year. 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. On average, equities analysts expect that Take-Two Interactive Software will post 5.19 earnings per share for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 744 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the transaction, the insider owned 112,327 shares in the company, valued at approximately $24,378,328.81. The trade was a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director William B. Gordon sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $202.39, for a total value of $2,023,900.00. Following the transaction, the director directly owned 47,187 shares in the company, valued at approximately $9,550,176.93. This represents a 17.49% 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. Insiders sold a total of 53,636 shares of company stock valued at $12,930,991 over the last ninety days. 1.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $4,560,679,000. Bank of America Corp DE purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $599,405,000. Legal & General Group Plc purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $277,219,000. Bank of New York Mellon Corp bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $234,774,000. Finally, Deutsche Bank AG bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $205,858,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.