Take-Two Interactive Software (NASDAQ:TTWO) Sets New 52-Week Low - Here's What Happened

Key Points

• Take-Two shares hit a new 52-week low, reaching $183.86 before last trading at approximately $191.12, below its 50-day and 200-day moving averages.
• Analyst sentiment remains positive, with 22 Buy ratings, two Holds and one Sell; the stock carries a “Moderate Buy” consensus and an average price target of $289.95.
• The company missed quarterly earnings expectations, reporting a loss of $0.18 per share versus the estimated $0.33 profit, although revenue of $1.53 billion exceeded forecasts. Insiders sold $12.9 million of stock during the latest quarter.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) reached a new 52-week low during trading on Friday. The stock traded as low as $183.86 and last traded at $191.1230, with a volume of 515,099 shares changing hands. The stock had previously closed at $193.39.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of recent analyst reports. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Oppenheimer reissued an "outperform" rating on shares of Take-Two Interactive Software in a research note on Tuesday, September 8th. Roth Capital increased their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Bank of America decreased their price objective on Take-Two Interactive Software from $368.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Arete Research lowered their target price on Take-Two Interactive Software from $308.00 to $295.00 and set a "buy" rating on the stock in a research report on Wednesday, September 9th. Twenty-two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $289.95.

Take-Two Interactive Software Stock Down 0.8%

The firm has a 50-day moving average price of $211.49 and a two-hundred day moving average price of $220.38. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $35.86 billion, a P/E ratio of -111.19, a PEG ratio of 1.45 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly 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 the consensus estimate 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%. Take-Two Interactive Software's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen Siminoff sold 334 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $202.92, for a total transaction of $67,775.28. Following the completion of the sale, the director owned 1,332 shares of the company's stock, valued at approximately $270,289.44. This represents a 20.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Emerson sold 744 shares of Take-Two Interactive Software stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $217.03, for a total transaction of $161,470.32. Following the completion of the sale, the insider owned 112,327 shares in the company, valued at approximately $24,378,328.81. This trade represents a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 53,636 shares of company stock valued at $12,930,991 over the last quarter. Company insiders own 1.12% of the company's stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the business. Primecap Management Co. CA bought a new position in Take-Two Interactive Software in the 2nd quarter worth about $23,480,000. Corient Private Wealth LP raised its position in Take-Two Interactive Software by 22.4% during the 2nd quarter. Corient Private Wealth LP now owns 30,018 shares of the company's stock valued at $7,504,000 after purchasing an additional 5,484 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Take-Two Interactive Software during the 2nd quarter valued at $37,090,000. IFP Advisors Inc raised its position in Take-Two Interactive Software by 398.2% during the 3rd quarter. IFP Advisors Inc now owns 11,335 shares of the company's stock valued at $2,352,000 after purchasing an additional 9,060 shares in the last quarter. Finally, Davis R M Inc. lifted its holdings in shares of Take-Two Interactive Software by 4.3% in the 1st quarter. Davis R M Inc. now owns 255,075 shares of the company's stock worth $50,377,000 after buying an additional 10,593 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.