Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Consensus Rating of “Buy” from Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been given a consensus rating of “Buy” by the twenty-one brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $185.85.

Several brokerages have recently issued reports on TTWO. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective on the stock. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Wedbush reissued an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Stifel Nicolaus increased their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd.

Take-Two Interactive Software Trading Up 1.0 %

TTWO opened at $155.09 on Friday. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $152.33 and a 200-day simple moving average of $151.74. The firm has a market cap of $26.58 billion, a P/E ratio of -7.06, a P/E/G ratio of 4.47 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. On average, equities analysts expect that Take-Two Interactive Software will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. ORG Partners LLC grew its stake in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC grew its position in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 143 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.