Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Oppenheimer Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective raised by Oppenheimer from $185.00 to $190.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also commented on TTWO. JPMorgan Chase & Co. lowered their price target on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their price objective on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group increased their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday. Jefferies Financial Group lifted their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, Morgan Stanley lifted their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $188.05.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $177.90 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $156.75 and its two-hundred day moving average price is $153.79. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $180.53. The firm has a market capitalization of $31.18 billion, a P/E ratio of -8.41, a price-to-earnings-growth ratio of 5.09 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.49%. As a group, research analysts anticipate that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Take-Two Interactive Software by 6.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,108 shares of the company’s stock worth $18,154,000 after acquiring an additional 7,006 shares in the last quarter. Commerce Bank grew its position in Take-Two Interactive Software by 2.1% during the third quarter. Commerce Bank now owns 24,928 shares of the company’s stock valued at $3,832,000 after buying an additional 514 shares during the period. Avior Wealth Management LLC boosted its position in Take-Two Interactive Software by 5.9% during the third quarter. Avior Wealth Management LLC now owns 1,622 shares of the company’s stock worth $249,000 after purchasing an additional 91 shares during the period. PNC Financial Services Group Inc. boosted its position in Take-Two Interactive Software by 7.0% during the third quarter. PNC Financial Services Group Inc. now owns 21,649 shares of the company’s stock worth $3,328,000 after purchasing an additional 1,413 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Take-Two Interactive Software during the third quarter worth about $1,700,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.