Take-Two Interactive Software Inc. (TTWO) Downgraded by Zacks Investment Research to “Hold”
According to Zacks, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe. “
Several other equities analysts have also issued reports on the company. Jefferies Group reissued a buy rating on shares of Take-Two Interactive Software in a research note on Monday, July 11th. Piper Jaffray Cos. boosted their price target on Take-Two Interactive Software from $40.00 to $45.00 and gave the company an overweight rating in a research note on Friday, August 5th. Benchmark Co. boosted their price target on Take-Two Interactive Software from $45.92 to $51.79 and gave the company a buy rating in a research note on Wednesday, September 28th. Stifel Nicolaus reissued a buy rating and issued a $41.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 12th. Finally, BMO Capital Markets reissued an outperform rating and issued a $48.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 10th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $43.54.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded down 0.31% during midday trading on Tuesday, reaching $42.09. 215,883 shares of the company’s stock traded hands. Take-Two Interactive Software has a 52-week low of $30.67 and a 52-week high of $46.78. The stock has a 50 day moving average of $44.37 and a 200-day moving average of $39.67. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 175.38 and a beta of 1.12.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.08. The company had revenue of $311.60 million for the quarter, compared to analyst estimates of $258.46 million. Take-Two Interactive Software had a return on equity of 20.92% and a net margin of 1.39%. The firm’s quarterly revenue was down 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. On average, equities research analysts expect that Take-Two Interactive Software will post $1.22 EPS for the current year.
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $41.17, for a total value of $2,058,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC boosted its position in Take-Two Interactive Software by 2.7% in the second quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock worth $110,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC boosted its position in Take-Two Interactive Software by 3.5% in the second quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock worth $116,000 after buying an additional 104 shares during the last quarter. US Bancorp DE boosted its position in Take-Two Interactive Software by 38.0% in the second quarter. US Bancorp DE now owns 5,598 shares of the company’s stock worth $212,000 after buying an additional 1,542 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Take-Two Interactive Software during the second quarter worth approximately $250,000. Finally, Navellier & Associates Inc boosted its position in Take-Two Interactive Software by 5.2% in the second quarter. Navellier & Associates Inc now owns 6,740 shares of the company’s stock worth $256,000 after buying an additional 334 shares during the last quarter.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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