Take-Two Interactive Software (NASDAQ:TTWO) Coverage Initiated by Analysts at StockNews.com

Posted by Defense World Staff on May 19th, 2023

StockNews.com started coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a sell rating on the stock.

A number of other research firms also recently commented on TTWO. Stifel Nicolaus boosted their price objective on shares of Take-Two Interactive Software from $150.00 to $165.00 in a report on Thursday. Barclays upped their price target on shares of Take-Two Interactive Software from $141.00 to $156.00 in a report on Thursday. KeyCorp reduced their price target on shares of Take-Two Interactive Software from $125.00 to $124.00 and set an overweight rating on the stock in a report on Tuesday, February 7th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $145.00 to $158.00 in a report on Thursday. Finally, MKM Partners reduced their price target on shares of Take-Two Interactive Software from $140.00 to $130.00 in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $143.27.

Take-Two Interactive Software Stock Up 11.7 %

TTWO stock opened at $139.63 on Thursday. The company has a market cap of $23.55 billion, a P/E ratio of -20.44, a P/E/G ratio of 2.26 and a beta of 0.69. Take-Two Interactive Software has a 52 week low of $90.00 and a 52 week high of $141.96. The company’s 50-day moving average price is $121.09 and its 200 day moving average price is $111.54. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings data on Wednesday, May 17th. The company reported ($3.62) EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($4.30). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.48% and a negative net margin of 21.02%. The firm’s quarterly revenue was up 64.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. On average, research analysts expect that Take-Two Interactive Software will post 3.2 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 68,351 shares of the stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $122.12, for a total value of $8,347,024.12. Following the completion of the sale, the president now owns 262,678 shares of the company’s stock, valued at $32,078,237.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the business. Capital World Investors purchased a new position in shares of Take-Two Interactive Software in the first quarter valued at $513,164,000. Norges Bank purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $205,528,000. Bessemer Group Inc. boosted its stake in shares of Take-Two Interactive Software by 26,278.2% in the third quarter. Bessemer Group Inc. now owns 1,897,914 shares of the company’s stock valued at $206,872,000 after purchasing an additional 1,890,719 shares during the period. Boston Partners purchased a new position in shares of Take-Two Interactive Software in the third quarter valued at $168,058,000. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 461.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 974,880 shares of the company’s stock valued at $101,514,000 after purchasing an additional 801,214 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Take-Two Interactive Software Company Profile

(Get Rating)

Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

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

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