Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Recommendation of “Moderate Buy” from Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $294.4375.

Several equities research analysts have recently commented on TTWO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, June 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the transaction, the insider owned 131,668 shares of the company’s stock, valued at $28,915,609.48. This trade represents a 13.81% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold 569,936 shares of company stock worth $128,431,438 over the last ninety days. 1.34% of the stock is owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors have recently made changes to their positions in TTWO. MCF Advisors LLC bought a new stake in Take-Two Interactive Software during the 4th quarter worth about $25,000. Mosley Wealth Management grew its holdings in shares of Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after acquiring an additional 80 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $28,000. Essential Partners LLC increased its position in shares of Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $247.62 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50 day moving average price of $233.84 and a 200 day moving average price of $221.60. Take-Two Interactive Software has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The stock has a market capitalization of $45.98 billion, a PE ratio of -152.85, a price-to-earnings-growth ratio of 4.68 and a beta of 0.96.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.