Take-Two Interactive Software Inc. (TTWO) Earns Outperform Rating from Analysts at Oppenheimer Holdings Inc.
Equities research analysts at Oppenheimer Holdings Inc. started coverage on shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) in a note issued to investors on Friday. The brokerage set an “outperform” rating and a $54.00 price target on the stock. Oppenheimer Holdings Inc.’s price objective would suggest a potential upside of 27.51% from the company’s previous close.
A number of other research analysts have also recently issued reports on TTWO. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $41.00 price target on shares of Take-Two Interactive Software in a report on Friday, August 5th. Pacific Crest reaffirmed a “hold” rating on shares of Take-Two Interactive Software in a report on Friday, August 5th. Wedbush reaffirmed a “hold” rating and issued a $41.50 price target on shares of Take-Two Interactive Software in a report on Monday, August 8th. Jefferies Group reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, July 18th. Finally, Zacks Investment Research raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Thursday, August 11th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.15.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded up 1.98% on Friday, reaching $43.19. 1,471,252 shares of the company traded hands. The company has a 50-day moving average of $44.38 and a 200-day moving average of $39.71. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 179.96 and a beta of 1.12. Take-Two Interactive Software has a 1-year low of $31.01 and a 1-year high of $46.78.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.08. The business earned $311.60 million during the quarter, compared to analysts’ expectations of $258.46 million. Take-Two Interactive Software had a net margin of 1.39% and a return on equity of 20.92%. The business’s quarterly revenue was down 25.6% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Analysts anticipate that Take-Two Interactive Software will post $1.22 earnings per share for the current fiscal year.
In related news, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $41.17, for a total transaction of $2,058,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Take-Two Interactive Software by 3.8% in the first quarter. State Street Corp now owns 1,809,356 shares of the company’s stock worth $68,160,000 after buying an additional 65,901 shares during the last quarter. Smith Asset Management Group LP increased its position in shares of Take-Two Interactive Software by 35.0% in the second quarter. Smith Asset Management Group LP now owns 765,677 shares of the company’s stock worth $29,035,000 after buying an additional 198,392 shares during the period. Aperio Group LLC increased its position in shares of Take-Two Interactive Software by 23.3% in the first quarter. Aperio Group LLC now owns 16,999 shares of the company’s stock worth $640,000 after buying an additional 3,210 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $250,000. Finally, Arrowgrass Capital Partners LLP increased its position in shares of Take-Two Interactive Software by 30.0% in the first quarter. Arrowgrass Capital Partners LLP now owns 325,000 shares of the company’s stock worth $12,243,000 after buying an additional 75,000 shares during the period.
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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