Take-Two Interactive Software (NASDAQ:TTWO) Receives Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report published on Monday, Benzinga reports. Wedbush currently has a $190.00 price target on the stock.

TTWO has been the subject of several other reports. Citigroup upgraded Take-Two Interactive Software from a neutral rating to a buy rating and lifted their target price for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. Roth Mkm cut their price target on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating on the stock in a research note on Friday, May 17th. Morgan Stanley raised their price target on 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. Benchmark restated a buy rating and set a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. raised their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software has an average rating of Moderate Buy and a consensus price target of $178.30.

Take-Two Interactive Software Trading Up 0.4 %

TTWO traded up $0.62 during trading on Monday, reaching $140.11. The company had a trading volume of 1,597,746 shares, compared to its average volume of 1,647,982. The stock has a market cap of $24.01 billion, a P/E ratio of -6.42, a PEG ratio of 4.20 and a beta of 0.84. The business has a 50 day simple moving average of $154.93 and a 200-day simple moving average of $152.38. 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 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Take-Two Interactive Software will post 1.05 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now directly owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. ORG Partners LLC lifted its position 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 valued at $25,000 after buying an additional 166 shares in the last quarter. MCF Advisors LLC boosted its holdings in Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $26,000. Pin Oak Investment Advisors Inc. boosted its holdings in Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.