Take-Two Interactive Software (NASDAQ:TTWO) Sets New 52-Week Low – Here’s What Happened

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reached a new 52-week low on Friday. The stock traded as low as $183.86 and last traded at $191.1230, with a volume of 515,099 shares trading hands. The stock had previously closed at $193.39.

Analyst Ratings Changes

Several research analysts have issued reports on TTWO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Tuesday, October 6th. BTIG Research upped their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Robert W. Baird upped their target price on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, The Goldman Sachs Group increased their target price on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Twenty-two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.95.

Take-Two Interactive Software Stock Performance

The firm has a market cap of $35.86 billion, a price-to-earnings ratio of -111.19, a P/E/G ratio of 1.45 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day simple moving average of $211.49 and a two-hundred day simple moving average of $220.38.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted ($0.07) EPS. The company’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. On average, analysts expect that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 744 shares of Take-Two Interactive Software stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total transaction of $161,470.32. Following the completion of the sale, the insider owned 112,327 shares of the company’s stock, valued at $24,378,328.81. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Also, Director William B. Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $202.39, for a total value of $2,023,900.00. Following the completion of the sale, the director owned 47,187 shares in the company, valued at approximately $9,550,176.93. This represents a 17.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,636 shares of company stock worth $12,930,991 in the last quarter. 1.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors have recently bought and sold shares of TTWO. BlackRock Inc. acquired a new position in Take-Two Interactive Software during the second quarter valued at $4,560,679,000. Bank of America Corp DE purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $599,405,000. Amundi lifted 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 during the period. Royal Bank of Canada lifted its holdings 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 valued at $301,036,000 after buying an additional 166,145 shares during the period. Finally, Bessemer Group Inc. raised its position in Take-Two Interactive Software by 1.4% during the first quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company’s stock valued at $291,489,000 after acquiring an additional 19,702 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.