Take-Two Interactive Software (NASDAQ:TTWO) Sets New 1-Year High - Here's Why

Key Points

• Take-Two Interactive Software reached a new 52-week high of $262.60 per share amidst increasing interest from analysts and investors.
• The company reported earnings of $0.61 per share for the last quarter, exceeding expectations and indicating a 16.4% year-over-year increase in revenue.
• Analysts have a consensus rating of Moderate Buy on the stock, with an average price target of $251.60, highlighting positive sentiment in the market.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $262.60 and last traded at $262.62, with a volume of 65414 shares changing hands. The stock had previously closed at $257.72.

Analyst Ratings Changes

Several analysts have issued reports on TTWO shares. CICC Research started coverage on shares of Take-Two Interactive Software in a report on Tuesday, September 30th. They issued an "outperform" rating and a $272.00 price target on the stock. Raymond James Financial upped their price target on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Finally, DA Davidson boosted their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Nineteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $251.60.

Take-Two Interactive Software Stock Up 1.9%

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The firm's 50-day moving average is $242.91 and its 200 day moving average is $232.28. The stock has a market cap of $48.46 billion, a price-to-earnings ratio of -10.98, a price-to-earnings-growth ratio of 5.45 and a beta of 1.01.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned ($1.52) earnings per share. Take-Two Interactive Software's revenue for the quarter was up 16.4% on a year-over-year basis. Take-Two Interactive Software has set its Q2 2026 guidance at 0.850-0.950 EPS. FY 2026 guidance at 2.600-2.850 EPS. Sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,325 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $528,867.75. Following the completion of the transaction, the director directly owned 9,063 shares in the company, valued at approximately $2,061,560.61. This represents a 20.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jon J. Moses sold 1,000 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $239.57, for a total transaction of $239,570.00. Following the completion of the transaction, the director owned 21,901 shares of the company's stock, valued at $5,246,822.57. This trade represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,411 shares of company stock valued at $32,434,222 over the last quarter. Company insiders own 1.34% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Take-Two Interactive Software by 21.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company's stock valued at $72,317,000 after purchasing an additional 52,524 shares during the period. Ninety One UK Ltd boosted its stake in Take-Two Interactive Software by 22.8% during the 2nd quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company's stock valued at $437,514,000 after acquiring an additional 334,946 shares during the last quarter. Clarius Group LLC bought a new position in Take-Two Interactive Software during the 1st quarter valued at $404,000. Cornerstone Investment Partners LLC boosted its stake in Take-Two Interactive Software by 14.1% during the 1st quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company's stock valued at $60,645,000 after acquiring an additional 36,112 shares during the last quarter. Finally, Stonebridge Financial Group LLC boosted its stake in Take-Two Interactive Software by 3,986.2% during the 1st quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock valued at $246,000 after acquiring an additional 1,156 shares during the last quarter. 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 develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

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