Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Free Report) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $298.89.
Several equities research analysts recently weighed in on TTWO shares. JPMorgan Chase & Co. initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price for the company. Robert W. Baird lifted their target price on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. BTIG Research boosted their price target on Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Finally, UBS Group set a $310.00 price target on Take-Two Interactive Software in a report on Monday, September 28th.
Read Our Latest Stock Analysis on TTWO
Take-Two Interactive Software Trading Down 4.1%
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. Take-Two Interactive Software’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, sell-side analysts predict that Take-Two Interactive Software will post 5.25 EPS for the current year.
Insider Activity at Take-Two Interactive Software
In related news, insider Daniel P. Emerson sold 744 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the transaction, the insider directly owned 112,327 shares in the company, valued at approximately $24,378,328.81. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Sheresky sold 484 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $203.69, for a total value of $98,585.96. Following the completion of the transaction, the director owned 66,010 shares of the company’s stock, valued at $13,445,576.90. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 53,302 shares of company stock worth $12,863,216 in the last three months. Company insiders own 1.12% of the company’s stock.
Institutional Investors Weigh In On Take-Two Interactive Software
Several institutional investors and hedge funds have recently bought and sold shares of TTWO. MCF Advisors LLC bought a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. Silicon Valley Capital Partners acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $25,000. Mosley Wealth Management grew its holdings in Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after acquiring an additional 80 shares during the period. Washington Trust Advisors Inc. grew its holdings in Take-Two Interactive Software by 116.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at $32,000. Institutional investors own 95.46% of the company’s stock.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a global video game publisher and developer headquartered in New York City. Founded in 1993, the company creates and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.
Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier’s Civilization and other sports, action, strategy and role-playing titles.
Recommended Stories
- Five stocks we like better than Take-Two Interactive Software
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.
