Take-Two Interactive Software Inc (TTWO) Receives $124.45 Consensus Target Price from Brokerages

Shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) have earned a consensus recommendation of “Buy” from the twenty-six analysts that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $124.45.

Several brokerages have recently issued reports on TTWO. Barclays reissued an “overweight” rating and set a $128.00 price objective (up from $121.00) on shares of Take-Two Interactive Software in a research note on Thursday, February 8th. Credit Suisse Group reissued a “hold” rating and set a $116.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, December 7th. Wedbush set a $126.00 price objective on shares of Take-Two Interactive Software and gave the company a “hold” rating in a research note on Thursday, February 8th. TheStreet raised shares of Take-Two Interactive Software from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, BTIG Research began coverage on shares of Take-Two Interactive Software in a research note on Monday, December 18th. They set a “buy” rating and a $142.00 price objective for the company.

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In other Take-Two Interactive Software news, Director Michael Sheresky sold 428 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $108.11, for a total value of $46,271.08. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.55% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TTWO. Invictus RG lifted its holdings in Take-Two Interactive Software by 1,188.8% in the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after buying an additional 951 shares in the last quarter. JFS Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the 4th quarter worth $110,000. Cerebellum GP LLC acquired a new position in Take-Two Interactive Software in the 4th quarter worth $133,000. Huntington National Bank lifted its holdings in Take-Two Interactive Software by 75.0% in the 4th quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after buying an additional 608 shares in the last quarter. Finally, Pittenger & Anderson Inc. lifted its holdings in Take-Two Interactive Software by 124.1% in the 3rd quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 91.27% of the company’s stock.

Shares of TTWO stock traded down $2.69 during midday trading on Friday, hitting $99.70. 2,190,027 shares of the stock traded hands, compared to its average volume of 3,791,171. Take-Two Interactive Software has a one year low of $57.33 and a one year high of $129.25. The stock has a market cap of $11,405.48, a PE ratio of 63.10, a PEG ratio of 2.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.17.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.34. Take-Two Interactive Software had a net margin of 9.43% and a return on equity of 27.78%. The company had revenue of $653.94 million during the quarter, compared to analysts’ expectations of $669.08 million. sell-side analysts forecast that Take-Two Interactive Software will post 2.45 earnings per share for the current fiscal year.

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About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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