BTIG Research Issues Pessimistic Forecast for Take-Two Interactive Software (NASDAQ:TTWO) Stock Price

Take-Two Interactive Software (NASDAQ:TTWO) had its price target cut by stock analysts at BTIG Research from $313.00 to $262.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s price target points to a potential upside of 34.37% from the stock’s previous close.

TTWO has been the topic of several other research reports. Bank of America cut their target price on Take-Two Interactive Software from $368.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Robert W. Baird increased their price objective on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Wedbush restated an “outperform” rating and set a $280.00 price objective on shares of Take-Two Interactive Software in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Tuesday, October 6th. Twenty-one analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $286.57.

Take-Two Interactive Software Stock Up 1.5%

NASDAQ:TTWO opened at $194.99 on Wednesday. The company has a market cap of $36.46 billion, a price-to-earnings ratio of -112.71, a P/E/G ratio of 1.43 and a beta of 0.93. Take-Two Interactive Software has a 52-week low of $183.86 and a 52-week high of $265.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average price is $208.77 and its two-hundred day moving average price is $219.56.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The company’s quarterly 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, analysts anticipate that Take-Two Interactive Software will post 5.19 EPS for the current year.

Insiders Place Their Bets

In other news, Director William B. Gordon sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 47,187 shares of the company’s stock, valued at approximately $9,550,176.93. This represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 40,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,636 shares of company stock valued at $12,930,991 in the last ninety days. 1.12% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA purchased a new stake in shares of Take-Two Interactive Software during the second quarter valued at $23,480,000. Corient Private Wealth LP increased its stake in shares of Take-Two Interactive Software by 22.4% in the 2nd quarter. Corient Private Wealth LP now owns 30,018 shares of the company’s stock worth $7,504,000 after purchasing an additional 5,484 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Take-Two Interactive Software during the 2nd quarter worth approximately $37,090,000. IFP Advisors Inc raised its stake in Take-Two Interactive Software by 398.2% during the 3rd quarter. IFP Advisors Inc now owns 11,335 shares of the company’s stock worth $2,352,000 after acquiring an additional 9,060 shares during the period. Finally, Davis R M Inc. raised its stake in Take-Two Interactive Software by 4.3% during the 1st quarter. Davis R M Inc. now owns 255,075 shares of the company’s stock worth $50,377,000 after acquiring an additional 10,593 shares during the period. Institutional investors own 95.46% of the company’s stock.

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.