Take-Two Interactive Software (NASDAQ:TTWO) Stock Gets Price Target Trim from BTIG Research

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective reduced by BTIG Research from $313.00 to $262.00 in a research note released on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Raymond James Financial reissued a “strong-buy” rating on shares of Take-Two Interactive Software in a report on Wednesday, October 14th. Piper Sandler restated an “overweight” rating and issued a $290.00 price objective on shares of Take-Two Interactive Software in a research report on Monday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research note on Monday, October 12th. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.76.

Take-Two Interactive Software Price Performance

Shares of TTWO traded up $1.51 during mid-day trading on Wednesday, reaching $214.87. The stock had a trading volume of 3,203,938 shares, compared to its average volume of 2,398,526. The business has a fifty day moving average of $207.53 and a 200 day moving average of $219.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $40.18 billion, a price-to-earnings ratio of -124.20, a PEG ratio of 1.43 and a beta of 0.93. Take-Two Interactive Software has a 12 month low of $183.86 and a 12 month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts predict that Take-Two Interactive Software will post 5.19 EPS for the current year.

Insider Transactions at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $252.64, for a total transaction of $10,105,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Emerson sold 917 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $217.65, for a total transaction of $199,585.05. Following the transaction, the insider directly owned 113,071 shares of the company’s stock, valued at $24,609,903.15. The trade was a 0.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders have sold 53,636 shares of company stock valued at $12,930,991. 1.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its holdings in shares of Take-Two Interactive Software by 5.7% in the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock worth $190,000 after purchasing an additional 52 shares during the last quarter. Syntax Research Inc. boosted its stake in Take-Two Interactive Software by 2.1% during the third quarter. Syntax Research Inc. now owns 2,782 shares of the company’s stock valued at $577,000 after buying an additional 57 shares during the last quarter. Beacon Financial Advisory LLC boosted its stake in Take-Two Interactive Software by 3.7% during the second quarter. Beacon Financial Advisory LLC now owns 1,697 shares of the company’s stock valued at $424,000 after buying an additional 60 shares during the last quarter. Trust Asset Management LLC boosted its stake in Take-Two Interactive Software by 3.5% during the second quarter. Trust Asset Management LLC now owns 1,881 shares of the company’s stock valued at $470,000 after buying an additional 63 shares during the last quarter. Finally, 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 valued at $30,000 after buying an additional 64 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga.

The company’s portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.

Founded in 1993 and headquartered in New York City, Take-Two acquired mobile-game publisher Zynga in 2022.