Take-Two Interactive Software, Inc. (NASDAQ: TTWO), which 29 rating agencies currently cover, has an average rating of “Moderate Buy,” according to Bloomberg Ratings. Four analysts rated the company as a buy, four said to hold the shares, and sixteen suggested dumping the stock. The average 12-month target price among analysts who have rated the business in the preceding year is $151.31.
Several stock analysts recently discussed the stock. The Goldman Sachs Group raised its price target for Take-Two Interactive Software in a research note released on Wednesday, October 5, from $131.00 to $165.00. The stock’s recommendation was modified from “neutral” to “buy” by the firm. Deutsche Bank Aktiengesellschaft downgraded Take-Two Interactive Software’s stock from a “buy” rating to a “hold” rating. It decreased its price objective on the company from $200 to $160.00 in a research report released on Wednesday, August 17. On Tuesday, November 8, Cowen maintained its “outperform” rating while lowering its price objective for the stock from $185.00 to $147.00. Wedbush decreased its price target on shares of Take-Two Interactive Software from $162.00 to $140.00 in a research note released on Tuesday, November 8. In a research note released on November 9, BMO Capital Markets decreased its “outperform” rating and its price objective on shares of Take-Two Interactive Software from $155.00 to $120.00.
NASDAQ TTWO started trading at $101.27 on Wednesday. The company’s debt-to-equity, quick, and current ratios are 0.31, 0.94, and 0.94, respectively. Simple moving averages for the company’s 50-day and 200-day periods are $110.98 and $120.31, respectively. The price of Take-Two Interactive Software throughout the previous year ranged from $90.00 to $182.25.
Take-Two Interactive Software (NASDAQ: TTWO) published its most recent quarterly earnings report on Monday, November 7. The company’s $0.72 per share for the quarter was $0.15 less than the $0.87 median projection. The company’s revenue for the quarter was $1.50 billion, as opposed to the average expectation of $1.52 billion. Take-Two Interactive Software reported a high return on equity (6.01%) and a poor net margin (-2.44%). Stock analysts predict that Take-Two Interactive Software will, on average, report 2.23 earnings per share for the current fiscal year.
Significant investors recently acquired and sold shares of the stock. Crossmark Global Holdings Inc. grew its holding in Take-Two Interactive Software by 1.6% during the third quarter. Crossmark Global Holdings Inc. now directly owns 6,305 shares of the company’s stock, valued at $687,000, after acquiring an additional 102 shares. Israel’s Psagot Value Holdings Ltd. expanded its ownership in Take-Two Interactive Software by 97.2% during the second quarter. Psagot Value Holdings Ltd., Israel, now owns 211 shares of the company’s stock, valued at $26,000, after purchasing 104 more shares in the last three months. First Hawaiian Bank grew its holding in Take-Two Interactive Software by 0.9% during the second quarter. First Hawaiian Bank now directly owns 11,731 shares, valued at $1,437,000, after acquiring an additional 106 shares during the most recent quarter. Prospera Financial Services Inc. boosted its stake in Take-Two Interactive Software by 104.6% during the second quarter. Prospera Financial Services Inc. now owns 221 shares of the company’s stock valued at $27,000 after acquiring an additional 113 shares. Not to mention, Fulton Bank N.A. boosted its stake in Take-Two Interactive Software by 4.5% during the third quarter. Fulton Bank N.A. now owns 2,628 shares, valued at $286,000 (down from 3,045 at the last reported price). Hedge funds and institutional investors currently own 95.43% of the stock.
Developers, publishers, and promoters of interactive video games, Interactive Software Take-Two, Inc. Physical retail, digital downloads, online platforms, and cloud streaming services are distributed to distribute its products. They are for portable gaming systems, desktop and laptop computers, smartphones, tablets, and game consoles.