Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) had its price target hoisted by BMO Capital Markets from $130.00 to $160.00 in a research note published on Monday morning, The Fly reports.
A number of other research firms have also recently weighed in on TTWO. StockNews.com started coverage on shares of Take-Two Interactive Software in a research note on Thursday, May 18th. They issued a sell rating on the stock. Moffett Nathanson upgraded shares of Take-Two Interactive Software from a market perform rating to an outperform rating and set a $140.00 price target on the stock in a research report on Friday, January 27th. Stifel Nicolaus boosted their price target on shares of Take-Two Interactive Software from $150.00 to $165.00 in a research report on Thursday, May 18th. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $145.00 to $158.00 in a research report on Thursday, May 18th. Finally, Roth Mkm reduced their price target on shares of Take-Two Interactive Software from $140.00 to $130.00 and set a buy rating on the stock in a research report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $145.46.
Take-Two Interactive Software Stock Performance
NASDAQ TTWO opened at $137.25 on Monday. The stock has a market cap of $23.15 billion, a P/E ratio of -20.10, a PEG ratio of 2.49 and a beta of 0.69. The company’s 50-day simple moving average is $122.15 and its 200-day simple moving average is $111.81. Take-Two Interactive Software has a twelve month low of $90.00 and a twelve month high of $141.96. The company has a quick ratio of 0.87, a current ratio of 0.65 and a debt-to-equity ratio of 0.23.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its earnings results on Wednesday, May 17th. The company reported earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($4.30). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.34 billion. Take-Two Interactive Software has a negative net margin of 21.02% and a positive return on equity of 3.52%. The business’s revenue was up 64.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS. As a group, research analysts forecast that Take-Two Interactive Software will post 3.2 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, President Karl Slatoff sold 68,351 shares of the stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $122.12, for a total transaction of $8,347,024.12. Following the completion of the transaction, the president now owns 262,678 shares in the company, valued at $32,078,237.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via the SEC website. 1.13% of the stock is currently owned by corporate insiders.
Institutional Trading of Take-Two Interactive Software
Large investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its position in shares of Take-Two Interactive Software by 82.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 236 shares of the company’s stock valued at $25,000 after buying an additional 107 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 50.0% in the first quarter. First Horizon Advisors Inc. now owns 282 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. Money Concepts Capital Corp lifted its position in shares of Take-Two Interactive Software by 73.2% during the 4th quarter. Money Concepts Capital Corp now owns 284 shares of the company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. CI Investments Inc. grew its stake in Take-Two Interactive Software by 161.9% in the 3rd quarter. CI Investments Inc. now owns 309 shares of the company’s stock valued at $34,000 after buying an additional 191 shares in the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 87.72% of the company’s stock.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.
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