Wedbush Reiterates Outperform Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $190.00 price objective on the stock. Wedbush’s price target suggests a potential upside of 22.65% from the company’s previous close.

Several other analysts have also issued reports on TTWO. Wolfe Research started coverage on Take-Two Interactive Software in a research note on Tuesday, December 12th. They issued an “outperform” rating and a $186.00 target price for the company. Roth Mkm raised their target price on shares of Take-Two Interactive Software from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Morgan Stanley raised their target price on shares of Take-Two Interactive Software from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Truist Financial cut their price target on shares of Take-Two Interactive Software from $158.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Finally, Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $175.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $169.57.

Read Our Latest Analysis on TTWO

Take-Two Interactive Software Stock Down 8.7 %

NASDAQ:TTWO opened at $154.91 on Friday. The firm’s 50 day simple moving average is $161.51 and its 200 day simple moving average is $149.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software has a one year low of $107.92 and a one year high of $171.59. The company has a market cap of $26.35 billion, a PE ratio of -18.05, a P/E/G ratio of 4.90 and a beta of 0.76.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($4.22). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Take-Two Interactive Software had a positive return on equity of 3.00% and a negative net margin of 26.90%. Take-Two Interactive Software’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, research analysts anticipate that Take-Two Interactive Software will post 1.54 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 244 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $156.40, for a total transaction of $38,161.60. Following the sale, the director now owns 63,905 shares of the company’s stock, valued at approximately $9,994,742. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael Sheresky sold 244 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $156.40, for a total value of $38,161.60. Following the sale, the director now directly owns 63,905 shares of the company’s stock, valued at $9,994,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lainie Goldstein sold 20,701 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $158.01, for a total transaction of $3,270,965.01. Following the completion of the sale, the chief financial officer now owns 322,133 shares of the company’s stock, valued at $50,900,235.33. The disclosure for this sale can be found here. Insiders have sold 31,488 shares of company stock worth $4,966,793 in the last 90 days. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently modified their holdings of TTWO. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Take-Two Interactive Software by 1.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock worth $907,000 after purchasing an additional 68 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Take-Two Interactive Software by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock valued at $276,000 after purchasing an additional 69 shares during the last quarter. Drive Wealth Management LLC grew its holdings in Take-Two Interactive Software by 4.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after purchasing an additional 69 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Take-Two Interactive Software by 3.7% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after purchasing an additional 70 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Take-Two Interactive Software by 14.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock valued at $87,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 89.95% of the company’s stock.

Take-Two Interactive Software Company Profile

(Get Free Report)

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 Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.

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

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