Wedbush Reaffirms “Outperform” Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $300.00 price objective on the stock. Wedbush’s price objective would indicate a potential upside of 19.76% from the company’s previous close.

Several other equities research analysts have also recently weighed in on TTWO. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Oppenheimer restated an “outperform” rating and issued a $280.00 target price on shares of Take-Two Interactive Software in a report on Monday. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Finally, Zacks Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and an average price target of $296.00.

Take-Two Interactive Software Trading Up 1.6%

TTWO stock traded up $3.99 during trading on Monday, hitting $250.49. The company had a trading volume of 973,803 shares, compared to its average volume of 2,265,031. The business has a 50-day moving average of $236.34 and a 200-day moving average of $221.36. Take-Two Interactive Software has a one year low of $187.63 and a one year high of $265.94. The stock has a market cap of $46.84 billion, a PE ratio of -144.86, a PEG ratio of 4.58 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business posted ($0.07) EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. 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. Research analysts predict that Take-Two Interactive Software will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the transaction, the president directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the transaction, the insider owned 131,668 shares in the company, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 569,936 shares of company stock worth $128,431,438 in the last quarter. Company insiders own 1.12% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently bought and sold shares of TTWO. Danske Bank A S acquired a new position in Take-Two Interactive Software during the second quarter worth $273,000. Gables Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software during the second quarter valued at about $3,117,000. Wealthfront Advisers LLC bought a new stake in shares of Take-Two Interactive Software during the second quarter worth about $5,533,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Take-Two Interactive Software during the second quarter worth about $37,090,000. Finally, Deepwater Asset Management LLC acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $7,981,000. Institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.