Take-Two Interactive Software Downgraded by Pacific Crest to Sector Perform (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO) was downgraded by Pacific Crest from an “outperform” rating to a “sector perform” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Benchmark Co. initiated coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note to investors on Friday, August 9th. They set a “buy” rating and a $22.85 price target on the stock. Separately, analysts at Zacks upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $19.30 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Take-Two Interactive Software (NASDAQ:TTWO) from $20.00 to $21.00 in a research note to investors on Thursday, August 1st.
Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.14.
Take-Two Interactive Software (NASDAQ:TTWO) traded down 3.93% during mid-day trading on Wednesday, hitting $17.428. 703,500 shares of the company’s stock traded hands. Take-Two Interactive Software has a 52 week low of $10.01 and a 52 week high of $19.25. The stock has a 50-day moving average of $18.11 and a 200-day moving average of $16.27. The company has a market cap of $1.516 billion and a P/E ratio of 80.27. Take-Two Interactive Software also was the recipient of some unusual options trading on Tuesday. Investors purchased 21,390 call options on the company. This represents an increase of approximately 532% compared to the average daily volume of 3,384 call options.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.04. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $125.63 million. During the same quarter in the previous year, the company posted ($1.16) earnings per share. The company’s revenue for the quarter was down 36.2% on a year-over-year basis. On average, analysts predict that Take-Two Interactive Software will post $2.51 earnings per share for the current fiscal year.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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