Take-Two Interactive Software (NASDAQ:TTWO) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Take-Two Interactive Software (NASDAQ:TTWO) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on TTWO. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, August 6th. Robert W. Baird raised their price target on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. BTIG Research boosted their price objective on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Roth Capital upped their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $296.95.

Take-Two Interactive Software Stock Up 0.2%

Shares of NASDAQ:TTWO opened at $233.45 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $242.48 and a two-hundred day simple moving average of $222.41. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $265.94. The stock has a market capitalization of $43.65 billion, a price-to-earnings ratio of -134.94, a PEG ratio of 1.55 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last released 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 analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. The company’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. On average, research analysts anticipate that Take-Two Interactive Software will post 5.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 540,759 shares of company stock worth $123,183,789 in the last quarter. Insiders own 1.12% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in Take-Two Interactive Software in the first quarter worth about $425,000. Empowered Funds LLC increased its position in shares of Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after purchasing an additional 388 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $2,747,000. Finally, Jump Financial LLC lifted its stake in shares of Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after purchasing an additional 3,650 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Company Profile

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.