Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Nineteen analysts give TTWO a "Moderate Buy" consensus (1 sell, 1 hold, 16 buy, 1 strong buy) with an average 1-year price target of about $284.31.
• Insider selling: CEO Strauss Zelnick sold 52,054 shares at an average $214.40 (a 22.56% reduction in his stake); insiders have sold 65,293 shares (~$13.99M) in the past 90 days and now own 1.34% of the company.
• Price and valuation snapshot: TTWO opened at $205.10, has a market cap of $37.98 billion and a negative P/E of -9.16, and trades between a 12-month low of $187.63 and high of $264.79 (50-day SMA $202.28; 200-day SMA $231.85).

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $284.3125.

Several equities research analysts recently commented on TTWO shares. DA Davidson restated a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Morgan Stanley lifted their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an "overweight" rating in a report on Tuesday, January 13th. Raymond James Financial raised Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 price target on the stock in a research note on Tuesday, February 10th. UBS Group increased their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, Zacks Research downgraded shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th.

Take-Two Interactive Software Price Performance

TTWO stock opened at $205.10 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The firm has a market cap of $37.98 billion, a price-to-earnings ratio of -9.16, a PEG ratio of 3.01 and a beta of 0.96. The company's fifty day simple moving average is $202.28 and its 200 day simple moving average is $231.85. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $264.79.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total value of $11,160,377.60. Following the completion of the sale, the chief executive officer directly owned 178,702 shares of the company's stock, valued at approximately $38,313,708.80. The trade was a 22.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of the company's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. This represents a 6.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 65,293 shares of company stock valued at $13,994,803 over the last 90 days. Insiders own 1.34% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new stake in shares of Take-Two Interactive Software during the third quarter worth about $3,419,000. AGF Management Ltd. lifted its position in Take-Two Interactive Software by 33.1% in the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company's stock valued at $18,816,000 after acquiring an additional 18,119 shares in the last quarter. M&G PLC acquired a new position in Take-Two Interactive Software during the 3rd quarter valued at about $12,465,000. Bank of New York Mellon Corp boosted its stake in Take-Two Interactive Software by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company's stock valued at $264,692,000 after purchasing an additional 18,959 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in Take-Two Interactive Software during the 3rd quarter worth approximately $10,948,000. 95.46% of the stock is owned by institutional investors and hedge funds.

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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