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

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) have earned an average rating of “Hold” from the twenty-seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $167.12.

TTWO has been the topic of several recent analyst reports. Truist Financial lowered their price target on Take-Two Interactive Software from $162.00 to $157.00 and set a “buy” rating on the stock in a report on Monday, September 5th. JPMorgan Chase & Co. initiated coverage on Take-Two Interactive Software in a report on Thursday, June 9th. They set an “overweight” rating and a $175.00 price objective on the stock. DZ Bank cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a report on Wednesday, August 10th. Barclays raised their price objective on Take-Two Interactive Software to $175.00 in a report on Monday, August 15th. Finally, Ascendiant Capital Markets set a $160.00 price objective on Take-Two Interactive Software in a report on Monday, June 20th.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the business. Quent Capital LLC bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth approximately $26,000. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth approximately $31,000. Princeton Global Asset Management LLC grew its position in shares of Take-Two Interactive Software by 105.0% in the 1st quarter. Princeton Global Asset Management LLC now owns 205 shares of the company’s stock worth $32,000 after buying an additional 105 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Take-Two Interactive Software by 2,500.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 208 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel grew its position in shares of Take-Two Interactive Software by 97.2% in the 2nd quarter. Psagot Value Holdings Ltd. Israel now owns 211 shares of the company’s stock worth $26,000 after buying an additional 104 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $114.74 on Friday. The business’s 50-day moving average price is $125.76 and its two-hundred day moving average price is $129.90. Take-Two Interactive Software has a twelve month low of $101.85 and a twelve month high of $195.82. The stock has a market cap of $13.29 billion, a P/E ratio of 75.49, a PEG ratio of 2.04 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.30.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $0.84 by ($1.60). Take-Two Interactive Software had a net margin of 4.26% and a return on equity of 8.21%. The business had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $0.70 EPS. The business’s revenue was up 40.6% on a year-over-year basis. As a group, equities analysts predict that Take-Two Interactive Software will post 3.27 EPS for the current fiscal year.

Take-Two Interactive Software Company Profile

(Get Rating)

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 T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

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Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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