Take-Two Interactive Software Coverage Initiated by Analysts at Goldman Sachs (TTWO)
Equities researchers at Goldman Sachs assumed coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report issued on Tuesday. The firm set a “neutral” rating and a $25.00 price target on the stock. Goldman Sachs’ price objective would indicate a potential upside of 6.34% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $24.10 price target on the stock. Separately, analysts at Ascendiant Capital Markets raised their price target on shares of Take-Two Interactive Software from $26.00 to $27.00 in a research note on Tuesday, August 5th. Finally, analysts at Stifel Nicolaus raised their price target on shares of Take-Two Interactive Software from $24.00 to $27.00 in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.14.
Take-Two Interactive Software (NASDAQ:TTWO) traded up 0.81% during mid-day trading on Tuesday, hitting $23.70. 1,596,466 shares of the company’s stock traded hands. Take-Two Interactive Software has a 52 week low of $15.99 and a 52 week high of $23.67. The stock has a 50-day moving average of $22.31 and a 200-day moving average of $21.07. The company has a market cap of $1.881 billion and a price-to-earnings ratio of 6.74. Take-Two Interactive Software also saw some unusual options trading activity on Monday. Investors bought 18,295 call options on the company. This is an increase of approximately 1,055% compared to the average daily volume of 1,584 call options.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.26) by $0.12. The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $135.20 million. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The company’s quarterly revenue was down 12.1% on a year-over-year basis. Analysts expect that Take-Two Interactive Software will post $1.04 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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