Take-Two Interactive Software’s (TTWO) “Buy” Rating Reaffirmed at Benchmark

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating restated by Benchmark in a research note issued to investors on Friday, Benzinga reports. They currently have a $200.00 price target on the stock. Benchmark’s price objective would suggest a potential upside of 42.34% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wedbush reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday. Roth Mkm lifted their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a “buy” rating in a report on Friday, February 9th. JPMorgan Chase & Co. cut their price objective on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 9th. The Goldman Sachs Group lifted their price objective on Take-Two Interactive Software from $165.00 to $200.00 and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Wells Fargo & Company lifted their price objective on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.39.

Take-Two Interactive Software Stock Performance

TTWO stock traded down $0.13 during midday trading on Friday, hitting $140.51. 290,946 shares of the company traded hands, compared to its average volume of 1,646,739. Take-Two Interactive Software has a twelve month low of $119.57 and a twelve month high of $171.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. The business has a 50 day simple moving average of $148.86 and a 200-day simple moving average of $152.07. The stock has a market capitalization of $23.97 billion, a price-to-earnings ratio of -16.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. As a group, equities research analysts predict that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTWO. Cary Street Partners Investment Advisory LLC increased its position in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after buying an additional 93 shares during the period. CVA Family Office LLC bought a new position in Take-Two Interactive Software during the 4th quarter worth $25,000. MCF Advisors LLC increased its position in Take-Two Interactive Software by 1,677.8% during the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the period. Wetzel Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the 4th quarter worth $26,000. Finally, Pin Oak Investment Advisors Inc. increased its position in Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after buying an additional 136 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.