Today, Analysts Set Take-Two Interactive Software Inc. (TTWO) Price Target at $48.49

Today, Analysts Set Take-Two Interactive Software Inc. (TTWO) Price Target at $48.49
Take-Two Interactive Software Inc. (NASDAQ:TTWO) has received an average rating of “Buy” from the eighteen brokerages that are covering the company. Six research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $48.49.

A number of brokerages have issued reports on TTWO. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Thursday, November 10th. Benchmark Co. reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Sunday, November 6th. Cowen and Company reiterated an “outperform” rating and set a $54.00 price target (up previously from $51.00) on shares of Take-Two Interactive Software in a research report on Sunday, November 6th. MKM Partners reiterated a “buy” rating and set a $55.00 price target (up previously from $52.00) on shares of Take-Two Interactive Software in a research report on Monday, November 7th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $56.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 48.81 on Wednesday. Take-Two Interactive Software has a 52-week low of $31.36 and a 52-week high of $50.19. The stock has a market cap of $4.17 billion, a PE ratio of 2568.95 and a beta of 0.92. The company’s 50-day moving average price is $46.00 and its 200-day moving average price is $42.00.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.16. Take-Two Interactive Software had a return on equity of 23.87% and a net margin of 0.12%. The company earned $420.20 million during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts expect that Take-Two Interactive Software will post $1.73 earnings per share for the current year.

In other news, CFO Lainie Goldstein sold 56,167 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $49.76, for a total transaction of $2,794,869.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel P. Emerson sold 1,487 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $49.51, for a total value of $73,621.37. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Seven Bridges Advisors LLC increased its stake in shares of 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 valued at $110,000 after buying an additional 75 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of 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 valued at $116,000 after buying an additional 104 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Take-Two Interactive Software by 12.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,907 shares of the company’s stock valued at $131,000 after buying an additional 330 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $203,000. Finally, US Bancorp DE increased its stake in shares of Take-Two Interactive Software by 38.0% in the second quarter. US Bancorp DE now owns 5,598 shares of the company’s stock valued at $212,000 after buying an additional 1,542 shares in the last quarter.

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