Take-Two Interactive (NASDAQ:TTWO) had its target price lowered by research analysts at Morgan Stanley from $148.00 to $140.00 in a report released on Thursday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 36.59% from the company’s previous close.
Several other equities analysts also recently commented on TTWO. Zacks Investment Research downgraded shares of Take-Two Interactive from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Wedbush set a $126.00 price target on shares of Take-Two Interactive and gave the company a “hold” rating in a research note on Thursday, February 8th. TheStreet raised shares of Take-Two Interactive from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Hilliard Lyons raised shares of Take-Two Interactive from an “underperform” rating to a “neutral” rating in a research note on Friday, February 9th. Finally, BidaskClub downgraded shares of Take-Two Interactive from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $123.10.
TTWO stock opened at $102.50 on Thursday. Take-Two Interactive has a one year low of $59.34 and a one year high of $129.25. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $11,692.65, a PE ratio of 53.66, a P/E/G ratio of 1.61 and a beta of 1.04.
Take-Two Interactive (NASDAQ:TTWO) last released its earnings results on Wednesday, February 7th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.84 by $0.34. Take-Two Interactive had a net margin of 9.43% and a return on equity of 27.78%. The firm had revenue of $653.94 million for the quarter, compared to the consensus estimate of $669.08 million. equities research analysts predict that Take-Two Interactive will post 2.43 EPS for the current year.
In other Take-Two Interactive 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 transaction of $46,271.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Karl Slatoff sold 227,671 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $95.75, for a total transaction of $21,799,498.25. The disclosure for this sale can be found here. Insiders have sold 492,559 shares of company stock worth $47,115,477 in the last quarter. Company insiders own 1.55% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC bought a new position in shares of Take-Two Interactive in the fourth quarter worth about $110,000. Cerebellum GP LLC bought a new position in shares of Take-Two Interactive in the fourth quarter worth about $133,000. Huntington National Bank grew its holdings in shares of Take-Two Interactive by 75.0% in the fourth quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after purchasing an additional 608 shares during the last quarter. US Bancorp DE grew its holdings in shares of Take-Two Interactive by 42.8% in the fourth quarter. US Bancorp DE now owns 1,689 shares of the company’s stock worth $185,000 after purchasing an additional 506 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Take-Two Interactive by 233.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock worth $173,000 after purchasing an additional 1,186 shares during the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.
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Take-Two Interactive Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.
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