Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $185.85 Average Price Target from Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been assigned an average recommendation of “Buy” from the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $185.85.

A number of research firms recently commented on TTWO. Redburn Atlantic began coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price for the company. Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Bank of America restated a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Finally, Benchmark increased their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. Beech Hill Advisors Inc. lifted its holdings in Take-Two Interactive Software by 107.5% in the 3rd quarter. Beech Hill Advisors Inc. now owns 14,999 shares of the company’s stock valued at $2,305,000 after purchasing an additional 7,769 shares in the last quarter. Roberts Wealth Advisors LLC raised its position in shares of Take-Two Interactive Software by 1.7% in the third quarter. Roberts Wealth Advisors LLC now owns 24,371 shares of the company’s stock valued at $3,727,000 after buying an additional 402 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Take-Two Interactive Software by 71.2% in the third quarter. Valeo Financial Advisors LLC now owns 6,346 shares of the company’s stock valued at $975,000 after buying an additional 2,639 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Take-Two Interactive Software by 241.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,330 shares of the company’s stock worth $204,000 after buying an additional 940 shares in the last quarter. Finally, Eagle Wealth Strategies LLC acquired a new position in Take-Two Interactive Software during the third quarter worth about $277,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 0.7 %

TTWO stock opened at $154.91 on Friday. The stock has a market capitalization of $27.15 billion, a PE ratio of -6.95, a price-to-earnings-growth ratio of 4.52 and a beta of 0.86. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $153.35 and a 200 day moving average of $151.94.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Sell-side analysts forecast that Take-Two Interactive Software will post 1.06 earnings per share for the current year.

About Take-Two Interactive Software

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.