Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Average Rating of “Moderate Buy” by Analysts

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have earned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $177.61.

Several brokerages have issued reports on TTWO. JPMorgan Chase & Co. dropped their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Jefferies Financial Group assumed coverage on Take-Two Interactive Software in a research note on Monday, April 1st. They issued a “buy” rating and a $195.00 price target on the stock. The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Moffett Nathanson lowered Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $169.00 to $167.00 in a research report on Monday, February 5th. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, April 19th.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $142.83 on Friday. The business’s 50 day simple moving average is $147.78 and its 200 day simple moving average is $152.21. Take-Two Interactive Software has a one year low of $119.57 and a one year high of $171.59. The stock has a market capitalization of $24.37 billion, a PE ratio of -16.65, a PEG ratio of 1.19 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, research analysts forecast that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of Take-Two Interactive Software by 192.4% during the third quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock valued at $8,811,000 after buying an additional 41,297 shares during the period. Laurion Capital Management LP purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $17,169,000. United Asset Strategies Inc. purchased a new stake in Take-Two Interactive Software in the fourth quarter worth $1,527,000. Rheos Capital Works Inc. grew its stake in Take-Two Interactive Software by 380.3% in the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock worth $38,419,000 after purchasing an additional 189,000 shares during the period. Finally, Caxton Associates LP grew its stake in Take-Two Interactive Software by 4,029.8% in the third quarter. Caxton Associates LP now owns 70,000 shares of the company’s stock worth $9,827,000 after purchasing an additional 68,305 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.