Take-Two Interactive Software (NASDAQ:TTWO) Shares Cross Above Fifty Day Moving Average Following Analyst Downgrade

Key Points

• Take-Two shares rose above their 50-day moving average of $208.29, trading as high as $213 and last at $208.90. Wolfe Research raised its price target from $265 to $280 and maintained an outperform rating.
• Analyst sentiment remains broadly positive: 21 analysts rate the stock a Buy, two a Hold and one a Sell; the consensus rating is Moderate Buy with an average price target of $286.57.
• In its latest reported quarter, revenue of $1.53 billion exceeded expectations but fell 2.1% year over year, while adjusted earnings per share of negative $0.18 missed the consensus estimate of $0.33.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) shares passed above its 50 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 50 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 traded.

A number of other equities analysts have also recently commented on TTWO. Citic Securities decreased their target price on Take-Two Interactive Software from $316.00 to $300.00 and set a "buy" rating on the stock in a report on Wednesday, November 19th. The Goldman Sachs Group boosted their price target on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, August 10th. BTIG Research upped their price target on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. CICC Research began coverage on Take-Two Interactive Software in a research note on Tuesday, September 30th. They issued an "outperform" rating and a $272.00 price objective on the stock. Finally, Benchmark reiterated a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Twenty-one investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average price target of $286.57.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director William B. Gordon sold 10,000 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $202.39, for a total transaction of $2,023,900.00. Following the transaction, the director owned 47,187 shares in the company, valued at approximately $9,550,176.93. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Sheresky sold 484 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $203.69, for a total value of $98,585.96. Following the transaction, the director owned 66,010 shares in the company, valued at approximately $13,445,576.90. This represents a 0.73% 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. Insiders sold a total of 53,636 shares of company stock worth $12,930,991 over the last quarter. Insiders own 1.12% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Take-Two Interactive Software during the second quarter worth $4,560,679,000. Amundi boosted its position in Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company's stock valued at $492,562,000 after acquiring an additional 688,133 shares in the last quarter. Bank of America Corp DE bought a new stake in Take-Two Interactive Software during the 2nd quarter valued at $599,405,000. Royal Bank of Canada increased its holdings in shares of Take-Two Interactive Software by 12.2% in the 1st quarter. Royal Bank of Canada now owns 1,524,234 shares of the company's stock valued at $301,036,000 after acquiring an additional 166,145 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Take-Two Interactive Software by 1.4% in the 1st quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company's stock valued at $291,489,000 after acquiring an additional 19,702 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Trading Up 7.1%

The stock has a market capitalization of $39.06 billion, a P/E ratio of -120.75, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $208.29 and a 200 day moving average price of $219.38.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter last year, the company earned ($0.07) earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. 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, research analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current fiscal year.

About Take-Two Interactive Software

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.

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