Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Oppenheimer

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reaffirmed by analysts at Oppenheimer in a note issued to investors on Tuesday, Benzinga reports. They currently have a $185.00 price objective on the stock. Oppenheimer’s price objective points to a potential upside of 29.52% from the company’s previous close.

Several other equities analysts have also issued reports on TTWO. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the company from $170.00 to $200.00 in a report on Monday, April 8th. Jefferies Financial Group initiated coverage on shares of Take-Two Interactive Software in a report on Monday, April 1st. They set a “buy” rating and a $195.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Wedbush reiterated an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, April 17th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.61.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $142.83 on Tuesday. The stock’s 50 day simple moving average is $147.78 and its two-hundred day simple moving average is $152.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $24.37 billion, a price-to-earnings ratio of -16.65, a PEG ratio of 1.19 and a beta of 0.74. Take-Two Interactive Software has a fifty-two week low of $119.57 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. As a group, analysts expect that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC lifted its stake in Take-Two Interactive Software by 110.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after purchasing an additional 93 shares in the last quarter. CVA Family Office LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $25,000. MCF Advisors LLC lifted its stake in Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $26,000. Finally, Pin Oak Investment Advisors Inc. lifted its stake in Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.