Take-Two Interactive Software Rating Reiterated by Credit Suisse (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse in a report issued on Monday. They currently have a $22.00 price objective on the stock, up from their previous price objective of $21.00. Credit Suisse’s target price points to a potential downside of 5.25% from the stock’s previous close.
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 12,000 shares of the stock on the open market in a transaction dated Monday, July 14th. The stock was sold at an average price of $22.42, for a total value of $269,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on TTWO. Analysts at MKM Partners raised their price target on shares of Take-Two Interactive Software from $24.00 to $27.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating in a research note on Thursday, June 26th. They now have a $25.31 price target on the stock, up previously from $22.30. Finally, analysts at Cowen and Company raised their price target on shares of Take-Two Interactive Software from $20.00 to $21.00 in a research note on Monday, May 19th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.22.
Take-Two Interactive Software (NASDAQ:TTWO) remained flat at $23.22 during during mid-day trading trading on Monday. The stock had a trading volume of 1,629,859 shares. Take-Two Interactive Software has a one year low of $15.99 and a one year high of $23.26. The stock’s 50-day moving average is $21.36 and its 200-day moving average is $20.18. The company has a market cap of $1.806 billion and a P/E ratio of 7.27.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.11. The company had revenue of $233.20 million for the quarter, compared to the consensus estimate of $201.51 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Analysts expect that Take-Two Interactive Software will post $1.02 EPS for the current fiscal year.
Take-Two Interactive Software, Inc is a developer, publisher and marketer of interactive entertainment for consumers worldwide.
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