Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Has Average Target Price of $298.89

by · The Cerbat Gem

Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Free Report) has been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $298.89.

Several analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, September 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Bank of America raised their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th.

Check Out Our Latest Research Report on TTWO

Take-Two Interactive Software Stock Up 1.9%

NASDAQ:TTWO opened at $213.44 on Wednesday. Take-Two Interactive Software has a twelve month low of $187.63 and a twelve month high of $265.94. The stock has a fifty day simple moving average of $221.96 and a 200-day simple moving average of $223.65. The company has a market cap of $39.91 billion, a price-to-earnings ratio of -123.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Take-Two Interactive Software’s revenue was down 2.1% on a year-over-year basis. 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. Analysts anticipate that Take-Two Interactive Software will post 5.25 EPS for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director LaVerne Srinivasan sold 362 shares of Take-Two Interactive Software stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $88,693.62. Following the completion of the transaction, the director owned 8,357 shares in the company, valued at $2,047,548.57. This represents a 4.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,302 shares of company stock valued at $12,863,216 over the last ninety days. Company insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Take-Two Interactive Software in the second quarter worth about $4,560,679,000. Bank of America Corp DE bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $599,405,000. Amundi boosted its holdings in shares of Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after buying an additional 688,133 shares in the last quarter. Deutsche Bank AG grew its position in shares of Take-Two Interactive Software by 18.2% in the 4th quarter. Deutsche Bank AG now owns 1,385,150 shares of the company’s stock worth $354,640,000 after buying an additional 213,570 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Take-Two Interactive Software by 12.2% in the 1st quarter. Royal Bank of Canada now owns 1,524,234 shares of the company’s stock worth $301,036,000 after buying an additional 166,145 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

(Get Free Report)

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.

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