Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note released on Thursday morning, MarketBeat.com reports. Wedbush currently has a $190.00 price objective on the stock.

TTWO has been the subject of a number of other reports. Bank of America reaffirmed a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Oppenheimer boosted their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group raised their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets upped their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $188.05.

Take-Two Interactive Software Stock Down 0.7 %

Shares of TTWO traded down $1.27 on Thursday, reaching $177.90. The stock had a trading volume of 2,202,982 shares, compared to its average volume of 1,617,011. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $31.18 billion, a price-to-earnings ratio of -8.35, a price-to-earnings-growth ratio of 5.09 and a beta of 0.85. The company has a 50-day simple moving average of $156.43 and a 200-day simple moving average of $153.44. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $180.53.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.49%. Sell-side analysts predict that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The trade was a 0.00 % 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. 1.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Avior Wealth Management LLC increased its position in shares of Take-Two Interactive Software by 5.9% during the third quarter. Avior Wealth Management LLC now owns 1,622 shares of the company’s stock worth $249,000 after purchasing an additional 91 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Take-Two Interactive Software by 7.0% in the third quarter. PNC Financial Services Group Inc. now owns 21,649 shares of the company’s stock valued at $3,328,000 after buying an additional 1,413 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at $1,700,000. Whalen Wealth Management Inc. purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $455,000. Finally, Quest Partners LLC purchased a new position in shares of Take-Two Interactive Software during the third quarter worth about $484,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.