Take-Two Interactive Software Inc. (NASDAQ:TTWO)‘s stock had its “outperform” rating restated by equities research analysts at Macquarie in a report released on Tuesday. They presently have a $48.00 price objective on the stock. Macquarie’s price target would indicate a potential upside of 7.02% from the stock’s current price.
TTWO has been the subject of several other research reports. Cowen and Company restated an “outperform” rating and set a $45.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, August 23rd. Oppenheimer Holdings Inc. assumed coverage on Take-Two Interactive Software in a research note on Friday. They set an “outperform” rating and a $54.00 price target for the company. Benchmark Co. increased their price objective on Take-Two Interactive Software from $45.92 to $51.79 and gave the stock a “buy” rating in a research report on Wednesday, September 28th. Zacks Investment Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Jefferies Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.56.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded up 0.40% on Tuesday, hitting $45.03. 2,486,980 shares of the stock traded hands. The firm’s 50 day moving average is $44.47 and its 200-day moving average is $39.85. Take-Two Interactive Software has a 12 month low of $31.10 and a 12 month high of $46.78. The company has a market cap of $3.81 billion, a PE ratio of 187.62 and a beta of 1.12.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.08. Take-Two Interactive Software had a return on equity of 20.92% and a net margin of 1.39%. The business earned $311.60 million during the quarter, compared to analysts’ expectations of $258.46 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s quarterly revenue was down 25.6% compared to the same quarter last year. Equities analysts predict that Take-Two Interactive Software will post $1.22 earnings per share for the current year.
In related news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was 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 at this hyperlink. Corporate insiders own 2.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Seven Bridges Advisors LLC raised 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 worth $110,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC raised 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 worth $116,000 after buying an additional 104 shares during the last quarter. US Bancorp DE raised 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 worth $212,000 after buying an additional 1,542 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth about $250,000. Finally, Navellier & Associates Inc raised its stake in shares of Take-Two Interactive Software by 5.2% in the second quarter. Navellier & Associates Inc now owns 6,740 shares of the company’s stock worth $256,000 after buying an additional 334 shares during the last quarter.
Take-Two Interactive Software Company Profile