Take-Two Interactive Software (NASDAQ:TTWO) Receives “Outperform” Rating from Wedbush

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a research note issued on Monday,Benzinga reports. They currently have a $300.00 price objective on the stock. Wedbush’s target price suggests a potential upside of 19.76% from the stock’s previous close.

TTWO has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. BTIG Research boosted their price objective on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research report on Monday. Finally, Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $296.00.

Take-Two Interactive Software Price Performance

NASDAQ TTWO traded up $3.99 during midday trading on Monday, hitting $250.49. The company had a trading volume of 973,803 shares, compared to its average volume of 2,265,031. The company has a market capitalization of $46.84 billion, a PE ratio of -144.86, a P/E/G ratio of 4.58 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $236.34 and a 200-day moving average price of $221.36. Take-Two Interactive Software has a twelve month low of $187.63 and a twelve month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, analysts anticipate that Take-Two Interactive Software will post 5.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 569,936 shares of company stock worth $128,431,438. Company insiders own 1.12% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Danske Bank A S bought a new stake in Take-Two Interactive Software during the 2nd quarter worth approximately $273,000. Gables Capital Management Inc. bought a new position in shares of Take-Two Interactive Software during the second quarter valued at $3,117,000. Wealthfront Advisers LLC bought a new position in shares of Take-Two Interactive Software during the second quarter valued at $5,533,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Take-Two Interactive Software during the second quarter worth $37,090,000. Finally, Deepwater Asset Management LLC acquired a new position in shares of Take-Two Interactive Software during the second quarter worth $7,981,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.