Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Average Rating of "Buy" by Brokerages

Key Points

• Analysts remain bullish: Take-Two has a consensus “Buy” rating from 22 analysts, with 19 buys, two strong buys and one sell. The average 12-month price target is approximately $296.95, above the reported $241.61 opening price.
• Recent results were mixed: The company reported quarterly revenue of $1.53 billion, exceeding estimates of $1.36 billion, but its loss of $0.18 per share missed the expected $0.33 profit. Revenue declined 2.1% year over year.
• Institutional ownership is substantial, while insiders sold shares: Institutions and hedge funds own 95.46% of TTWO, led by Vanguard, BlackRock and State Street. Insiders sold 609,936 shares worth about $138.5 million over the past quarter, while insiders currently own 1.12% of the company.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) has been given a consensus rating of "Buy" by the twenty-two analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nineteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $296.9474.

TTWO has been the topic of several analyst reports. JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They set an "overweight" rating and a $310.00 price target on the stock. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a research note on Thursday, August 6th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Finally, Zacks Research upgraded Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 4,419 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the transaction, the insider owned 113,988 shares of the company's stock, valued at approximately $26,217,240. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the transaction, the director directly owned 1,833 shares of the company's stock, valued at $462,887.49. This trade represents a 15.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 609,936 shares of company stock worth $138,537,038 over the last quarter. 1.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently made changes to their positions in TTWO. Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock valued at $5,598,914,000 after purchasing an additional 166,661 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Take-Two Interactive Software during the second quarter worth $4,560,679,000. State Street Corp increased its holdings in shares of Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company's stock worth $2,919,362,000 after buying an additional 390,331 shares in the last quarter. Geode Capital Management LLC increased its holdings in Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company's stock worth $1,242,204,000 after purchasing an additional 60,893 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company's stock valued at $739,707,000 after buying an additional 16,758 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Down 2.2%

TTWO opened at $241.61 on Tuesday. The stock has a market capitalization of $45.18 billion, a price-to-earnings ratio of -139.66, a P/E/G ratio of 1.70 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a 50-day simple moving average of $239.71 and a 200 day simple moving average of $221.51.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. Take-Two Interactive Software's quarterly 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. Analysts predict that Take-Two Interactive Software will post 5.3 EPS for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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