Brokerages Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Price Target at $187.21

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, nineteen have issued 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 $188.05.

A number of equities analysts have recently issued reports on TTWO shares. Robert W. Baird increased their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley increased their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday. Wedbush restated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Thursday. TD Cowen upped their target price on Take-Two Interactive Software from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Oppenheimer boosted their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday.

Take-Two Interactive Software Trading Down 0.7 %

Shares of TTWO stock opened at $177.90 on Wednesday. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $180.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day simple moving average of $156.75 and a two-hundred day simple moving average of $153.71. The company has a market cap of $31.18 billion, a P/E ratio of -8.41, a PEG ratio of 5.09 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.49%. Research analysts forecast that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC grew its stake in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after acquiring an additional 166 shares during the period. Crewe Advisors LLC boosted its position in Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. increased its stake in shares of Take-Two Interactive Software by 155.1% in the second 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 position 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 valued at $36,000 after purchasing an additional 193 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $37,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Company Profile

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.