Take-Two Interactive Software (NASDAQ:TTWO) Stock Breaks Above Fifty Day Moving Average on Analyst Downgrade

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) crossed above its fifty day moving average during trading on Wednesday after Wolfe Research raised their price target on the stock from $265.00 to $280.00. The stock has a fifty day moving average of $208.29 and traded as high as $213.00. Wolfe Research currently has an outperform rating on the stock. Take-Two Interactive Software shares last traded at $208.90, with a volume of 4,448,824 shares.

A number of other analysts have also recently weighed in on TTWO. UBS Group set a $310.00 price objective on Take-Two Interactive Software in a research report on Monday, September 28th. Wells Fargo & Company reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Monday, October 12th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Citigroup increased their price objective on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. 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 company. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.57.

Insider Transactions at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director LaVerne Srinivasan sold 362 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $88,693.62. Following the sale, the director directly owned 8,357 shares of the company’s stock, valued at $2,047,548.57. This trade represents a 4.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 53,636 shares of company stock valued at $12,930,991. 1.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Silicon Valley Capital Partners acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $25,000. Mosley Wealth Management boosted its holdings in Take-Two Interactive Software by 266.7% during the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after buying an additional 80 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in Take-Two Interactive Software during the third quarter valued at $28,000. Washington Trust Advisors Inc. grew its position in Take-Two Interactive Software by 116.4% during the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Take-Two Interactive Software in the second quarter valued at $32,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 7.1%

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day simple moving average is $208.29 and its two-hundred day simple moving average is $219.38. The company has a market cap of $39.06 billion, a PE ratio of -120.75, a PEG ratio of 1.45 and a beta of 0.93.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results 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). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. 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 predict that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current year.

Take-Two Interactive Software Company Profile

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.